Banque Misr, Suez Canal Bank, and Al Baraka alliance secures $108m financing for MAFI
A banking alliance led by Banque Misr, alongside Suez Canal Bank and Al Baraka Bank–Egypt, has successfully secured long-term joint financing of $108m for MAFI for Agricultural Produce Industries. This funding will cover a portion of the estimated $180m investment
Banque Misr’s mortgage portfolio hits EGP 21bn for 145,000 clients in 2024
Banque Misr has announced a significant increase in its mortgage portfolio, which rose by approximately EGP 3bn in 2024, bringing the total portfolio to EGP 21bn. This growth benefits approximately 145,000 clients, making the bank’s mortgage portfolio one of the
Banks in Egypt report EGP 426.911bn in net profits for 9M 2024
The Central Bank of Egypt (CBE) has announced that banks operating in the Egyptian market achieved net profits of EGP 426.911bn in the first nine months of 2024. According to the latest report from the CBE, the total net return
Egyptian banking alliance grants EGP 4.235bn to Al-Zahi Group for development projects
Three leading Egyptian banks—the National Bank of Egypt (NBE), Banque Misr, and QNB AlAhli—have extended joint financing worth EGP 4.235bn to Al-Zahi Group. This financing aims to support key development projects, with NBE serving as the lead arranger, financing marketer,
Banque Misr presents Apple Pay, offering smooth, sound payment process
Banque Misr, a leading force in Egypt’s digital payment ecosystem, has partnered with Apple to introduce Apple Pay to its customers. This new offering provides a safer, more secure, and private way to make payments both in-store and online using
Banque Misr arranges EGP 2.8bn worth of syndicated funding to Landmark Development
A banking alliance, led by Banque Misr, provided syndicated financing worth EGP 2.8bn to Landmark Developments Company, with the participation of EG Bank and Suez Canal Bank as lenders. the initial lead arranger, financing marketer, financing agent, security agent,
Eissa appointed as CI Capital’s non-executive chairperson
CI Capital Holding for Financial Investments announced appointing Ahmed Eissa as a non-executive chairperson, representing Banque Misr. Eissa will succeed Mohamed El-Etreby, who was thanked for his distinguished efforts and outstanding contributions during his leadership of the company. CI Capital’s
Egypt’s first debit card top-ups for securities trading introduced by EFG Hermes ONE, PayTabs Egypt, Banque Misr – Dailynewsegypt
EFG Hermes ONE, the online trading platform of EFG Hermes, in collaboration with Banque Misr and PayTabs Egypt, announced on Sunday the launch of Egypt’s first debit card top-up feature for securities trading. This innovative solution allows EFG Hermes
Telecom Egypt secures $200m loan from Banque Misr, UAE for refinancing – Dailynewsegypt
Telecom Egypt, Egypt’s leading telecom operator, today announced a $200m medium-term loan agreement with Banque Misr, UAE. The loan will be used to refinance existing short-term facilities, supporting Telecom Egypt’s ongoing strategy to reduce borrowing costs and enhance financial