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Banks in Egypt contribute EGP 700m to support daily labourers: El-Etreby
In exclusive statement to Daily News Egypt, El-Etreby said that the donations have been given to a fund devoted to this matter.
Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment
The average purchase price per share reached EGP 3.99, with the groups’ shareholder shares reaching 0.589%.
NBE, Banque Misr contribute EGP 60m to Health Ministry’s COVID-19 fight
NBE donates EGP 8bn in past 6 years, while Banque Misr gives away EGP 3.2bn in 5 years
Palm Hills borrows EGP 365m from AAIB, Banque Misr to finance Hacienda Bay
The syndicated credit facility will partially finance the investment cost of Hacienda Bay, one of the real estate developer’s major projects in the North Coast, according to a statement to the Egyptian Exchange on Thursday.
FEI, Banque Misr cooperate to revitalise CBE mortgage finance initiative
Real Estate Development Chamber’s cooperation with Banque Misr will overcome global health crisis, says chamber chairperson
Banque Misr to expand non-banking services, buy minority stake in CI Capital
Bank to continue buying shares in CI Capital to bring its stake to 20-25%, say sources
Banque Misr, FEI sign cooperation protocol to stimulate real estate financing
Banque Misr signed the protocol as part of its vision to stimulate the real estate market and provide adequate housing for all segments of society. The protocol also comes in line with the state’s desire to provide mechanisms that contribute to the development of the real estate market.
ITIDA, Banque Misr cooperate financing ICT-focused SMEs at 5% interest
Protocol aims to provide appropriate, encouraging financing climate for SMEs working in Egypt’s ICT sector, says Amr Talaat
Banque Misr arranges EGP 1.5bn loan to finance Damietta Furniture City
Project aims to establish integrated industrial city that includes furniture manufacturers and specialists
Ora Developers, Orascom, Banque Misr partner on ZED Sheikh Zayed construction
Construction to be completed in three years, first phase units to be delivered by 2023
MNHD, NBE, Banque Misr, AAIB sign loan contract worth EGP 2.1bn
Company aims for EGP 3bn in revenues in 2020, says Al-Hatimi
EGP 29.4bn in sales of NBE, Banque Misr 15% saving certificates in 5 days
New saving certificates issued by NBE and Banque Misr gain LE 10.7 bn in two days.
EGP 6.2bn worth of 15% certificates sold by NBE, Banque Misr on first day
80% of NBE’s certificate sales took place online
Banks implement CBE’s initiative delaying loan instalments for individuals, companies
CBE included microfinance sector in the initiative on Monday
El-Etreby tapped as FEB Chairperson for three-year term
Okasha as deputy chairperson, Abaza as treasurer
Banque Misr, NBE to offer electronically saving certificates with 15% yield
To ensure safety of customers, employees, new certificates to be available only via mobile, internet banking, call centres, email: Banque Misr chairperson
Will EGX rally on NBE, Banque Misr EGP 3bn package continue, or will it be short-lived?
EGX30 down 17.7% last week despite Thursday’s session 5% increase
NBE, Banque Misr invest EGP 3bn in EGX
Both banks to offer 1-year saving certificates with 15% yield on Sunday
Fawry, Banque Misr launch digital loyalty programme
Managing Director of Fawry Mohamed Okasha said the new agreement was the result of fruitful cooperation between the two sides. It would be in their mutual interest which is expanding the banking sector’s digital services.
SODIC, NUCA sign escrow account contract with Banque Misr for 500-feddan plot in New Zayed
SODIC had signed the partnership agreement for the 500-feddan plot with the NUCA in March 2019. Since then, the company has been awarded the ministerial decree and launched the first neighbourhood of the project “VYE” which achieved over EGP 1bn in booked sales.
Banque Misr leads a banking consortium to provide EGP 2.9bn syndicated loan for Beshay Steel
The loan will finance inventory needed to operate ESISCO production lines
BM signs a loan agreement with the EIB worth € 500m to finance SMEs
Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
Banks’ SMEs funding amounts to EGP 146bn, targeting EGP 200bn by year-end: El-Etreby
The CBE has instructed banks working in the local market to allocate 20% of their loan portfolios to finance SMEs. El-Etreby pointed out that NGOs were also included within this segment.
Banque Misr Money Market Fund accounts for largest market share by 33.2%
FAB scores highest growth in assets by 258.9%
Banque Misr opens 2 BDS centres in Sadat, Damietta cities
New centres’ locations selected as per Egypt’s investment opportunities map
Banque Misr allocates EGP 13bn for MSMEs in FY 2018/19
Bank signs cooperation protocol with universities to provide workspaces for entrepreneurs
El Sewedy Electric plans to set up new company in UAE as part of its expansion plan
EGP appreciation poses itself risk, as most of revenue generated is priced in USD
Five banks start issuing prepaid cards to pay government dues electronically
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free of charge for six months
Saudi Arabia has seven of top 30 MEA banks with assets of $513bn: S&P Research
NBE ranked 13th with $85.18bn assets, Banque Misr 25th with $49.44bn
Is Egypt ready for Electronic Payments Law as it comes into force?
All bodies subject to this law shall comply with its provisions within six months from imposing its regulations