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Banque Misr manages, arranges 38 funding deals worth EGP 60.16bn in 2018 - Daily News Egypt

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Banque Misr manages, arranges 38 funding deals worth EGP 60.16bn in 2018

Bank ranks first among banks working in Egypt in terms of joint loans marketing, Bloomberg says


Banque Misr managed and arranged 38 funding deals worth EGP 60.16bn in 2018.

According to a report issue by the bank, it has sealed a total of 20 joint financing deals worth $1.5bn, an equivalent of EGP 27.5bn, where it was the main arranger. It has also carried out 18 funding deals worth $11.826bn, an equivalent of EGP 32.66bn, where it was the funding marketer, among the funding operations carried out by the largest 10 banks in Africa.

Bloomberg, the specialist in the field of finance and banking, has recently announced that the bank ranked first in the Egyptian banking market in arranging and marketing joint loans in 2018.

Bloomberg has also announced that Banque Misr ranked third among the best financing marketers, and fifth as the top arranger of joint loans in Africa.

Banque Misr has continued to lead and occupy top positions among banks in Egypt, the Middle East and Africa over the past five years in the field of managing, arranging and marketing joint loans and projects, according to the assessment of Bloomberg.

The rank obtained by Banque Misr is for its role in joint loans as the main arranger and marketer of joint loans, which are the main roles in joint loans that rely on studies and marketing. This reflects the bank’s ability to have good relations with clients for whom loans are arranged.

The top rank occupied by Banque Misr highlights it role in funding various economic activities, such as the sectors of petroleum, chemicals, petrochemicals, telecommunications, renewable energy, iron and real estate.

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https://dailynewsegypt.com/2019/01/15/banque-misr-manages-arranges-38-funding-deals-worth-egp-60-16bn-in-2018/
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