Latest in Tag: Banque Misr Highlight
Latest in Tag: Banque Misr
Banque Misr launches nationwide cash transfer service via mobile phones
Banque Misr has launched a cash transfer service that enables clients and non-clients all over Egypt to transfer cash via mobile phones over 24 hours, as a new edition to the bank’s distinguished services. To transfer money through this service, the client has to go to any of the Banque Misr branches all over Egypt …
Banque Misr considers arranging syndicated loans worth EGP 54.7bn to a number of major economic sectors
Bank secures first place in the Egyptian banking market for marketing and management of syndicated loans and project financing
NBE, Banque Misr grant EGP 10bn in loans to SMEs in January
Banque Misr is considering pumping new loans worth EGP 1bn into the sector
Banque Misr – Pharos alliance suggests 3 scenarios for EFIC expansion
Scenarios include selling 100% of SCFP, increasing capital, offering 40% of shares, or selling to strategic investor
NBE, Banque Misr, CIB offer EGP 1.148bn worth of securitisation bonds for Corplease
The National Bank of Egypt (NBE), Banque Misr, and the Commercial International Bank (CIB)—as managers of placement, promoters, and underwriters—have issued and covered a new batch of securitisation bonds for Corplease Financial Leasing at a total value of EGP 1.148bn on four segments with different maturity periods ranging between 1-7 years. The NBE’s share in …
Banque Misr, NBE receive definitive judicial ruling against head of Dreamland Group
Banque Misr and the National Bank of Egypt (NBE) said they obtained definitive judicial rulings to sell most of Dreamland’s assets, which is owned by Ahmed Bahgat, as well as other rulings obligating Bahgat, as head of Dreamland Group, to pay EGP 600m to both banks. In a press release on Monday, the banks accused …
Banque Misr financed import operations worth $2bn, post-flotation collection of US dollars surpassed $1bn
We aim to increase MSMEs financing to EGP 25-30bn by 2019, branches to 780 in two years, says El-Etreby
Strong expectations for banks to increase financing to SMEs and major projects in 2017: El-Etreby
Banque Misr aims to implement a strong plan to expand in terms of products and geography
Cairo Economic Court orders former Kia agent to pay EGP 34.6m to Banque Misr
The Cairo Economic Court ordered businessman Walid Tawfik, former importer of KIA Motors in Egypt, to pay EGP 34.6m to Banque Misr over debt settlement. The bank had filed a lawsuit several months ago in the Cairo Economic Court against Tawfik, demanding him to pay EGP 149m of debt, as well as 15% return until …
Banque Misr signs protocol with IDA to finance establishment of industrial parks for MSMEs
Banque Misr and the Industrial Development Authority (IDA) signed a cooperation protocol to finance the establishment of industrial parks. Mohamed El-Etreby, chairperson of Banque Misr, and chairperson of the Industrial Development Authority (IDA) Ahmed Abdel Razek signed the protocol. The agreement includes Banque Misr offering financing for allocated projects and reviewing them within 15 days. …
Banque Misr records EGP 5bn increase in banking portfolio during last FY
The bank spent more than EGP 40bn on salaries transferred from public and private sector companies
Banque Misr offers loans worth EGP 33.2bn to several economic sectors
Loans will be granted to different sectors including maritime shipping, electricity, energy, and fertilizers
8 Egyptian banks among top 100 Arab Banks: UAB
Egypt occupies fifth place according to the number of banks on the list, and QNB tops Arab banks in terms of size of assets
Banque Misr finances import of basic, non-basic goods by $1.37bn since flotation: chairperson
Amount of collected US dollars amounted to $850m from clients, while new savings certificates attracted EGP 71bn, says El-Etreby
Banque Misr finances 419,000 clients working in micro-enterprises, SMEs
The bank granted 30,400 loans under Mashrouak (Your Project) initiative worth EGP 983m throughout a year and a half
Egyptian remittances at Banque Misr, NBE, Banque du Caire increase to as high as 35%
Leaders of the National Bank of Egypt and Banque Misr revealed that 30% of the remittances sent by Egyptians abroad to banks now remain in Egyptian banks compared to the previous 1%. There has been an upwards trend in these rates since the flotation of the Egyptian pound last Thursday. Vice chairperson of the National …
Banque Misr, CIB amend spending limits on cards abroad
Banque Misr and the Commercial International Bank (CIB) decided to amend the spending limits imposed on their cards for usage abroad. Other banks are still considering whether to follow suit. Mohamed El-Etreby, chairperson of Banque Misr, said that the bank changed the spending limit on its cards abroad. The bank’s Classic card spending limit was …
NBE, Banque Misr raise limits on card usage abroad
Vice chairperson of the National Bank of Egypt (NBE) Yehia Aboul Fotouh said that the bank will raise the limit previously imposed on its cards for usage abroad on Sunday. He added that the bank also approved selling $300 to travellers who are not clients, whereas travellers who have had accounts at the bank for …
CIB negotiates with 8 banks to fund Orascom Hotels loan rescheduling worth EGP 2bn
The company looks to reschedule both short- and mid-term loans
NBE, Banque Misr, Banque du Caire launch EGP-denominated saving certificates with 20% interest rate, 18-month maturity period
The banks also launced three-year certificates with a 16% interest rate
State banks boost their investment in treasury bills by EGP 13.8bn in July: CBE
Banking sector accounts for 77% of total outstanding balances of bills
Banks working to prevent customer manipulation on electronic payment cards abroad
New controls and shortening limits on card usage are being implemented to maintain the state’s foreign exchange
Banque Misr requires customers to provide travel documents to use cards abroad
These new controls are designed to prevent cards abuse, says bank chairperson
Banque Misr aims to boost SME loan portfolio to EGP 30bn in next few years
Banque Misr aims to increase the size of its small- and medium-sized enterprises (SMEs) loans to reach EGP 30bn in the next few years, in line with the initiative launched by the Central Bank of Egypt (CBE) earlier this year. The initiative was launched in support of these projects, boosting the size of their loans …
Damietta Furniture City signs cooperation protocol with Banque Misr to finance junior craftsmen
The city is built on 331 acres, including 2,000 workshops and 55 factories to provide 20,000 job opportunities
Banque Misr arranges EGP 2bn syndicated loans for industry sector projects: chairperson
Negotiations underway with a foreign institution to obtain a $300m loan in two months, says El-Etreby
Government salaries programme with Visa is a step to activate financial inclusion efforts: Mahfouz
Visa offers a large variety of solutions and products that provides customers with easy paying and receiving funds solutions, said the general manager of Visa Egypt
Banque Misr launches service for credit score via ATM enquiry
Banque Misr launched a service that allows its customers to enquire about their credit score via ATMs. Mohamed El-Etreby, chairperson of Banque Misr, said that this service is part of the bank’s strategy to adopt the latest technologies in banking services to meet the needs of its clients and provide them with unique services. This …
Metropolitan Egypt negotiates with Egyptian Gulf Bank, Banque Misr to provide financing for Enmaa projects
Enmaa needs financing worth EGP10m in the form of letters of guarantee for tenders
Banque Misr raises interest rate by 1% on deposits, 0.75% on savings accounts
The interest rates increase on the higher deposits, depending on the segments set by the bank