February 26, 2017 5:00 AM ET

Banks

Company Overview of Banque Misr (S.A.E.)

Company Overview

Banque Misr (S.A.E.) provides corporate, retail, investment, and Islamic banking services primarily in the Arab Republic of Egypt. Its retail banking solutions include current and savings accounts, and deposit products, as well as certificates of deposit; credit, debit, salaries, co-branded, and installment cards, as well as BM Youth club cards; bancassurance products, such as Taaleem, Mustaqbal, Hemaya, and Salama programs; and online banking and other services. The company’s retail banking solutions also comprise consumer loans, such as mortgage loans; car loans; durable good loans; salary loans; loans guaranteed by documents of BANQUE MISR investment funds; sporting clubs membership subsc...

151, Mohamed Farid Street

Cairo,  

Egypt

Founded in 1920

12,689 Employees

Phone:

20 2 2391 2172

Fax:

20 2 2390 8464

Key Executives for Banque Misr (S.A.E.)

Chief Financial Officer
Vice Chairman and Director of Central Operations
Head of Business and Director
Compensation as of Fiscal Year 2016.

Banque Misr (S.A.E.) Key Developments

Banque Misr Considering Sale of Stake In Banque Du Caire

Mohamed El-Etreby, Chairperson of Banque Misr (S.A.E.) said that its investment arm, Misr Financial Investments Company S.A.E. signed an agreement with EFG Hermes and HSBC for advising over offering a stake of Banque Du Caire S.A.E. for sale. Mohamed El-Etreby expected this stake to be put up for sale in the second quarter of 2017. Also, the size of the stake has yet to be determined. Mohamed El-Etreby further added that Banque Misr will keep a majority controlling stake in Banque Du Caire S.A.E.

Russian Direct Investment Fund, National Bank of Egypt and Banque Misr to Look for Investment Projects in Egypt

The Russian Direct Investment Fund (RDIF) will work with major Egyptian banks to look for investment targets in Egypt. The RDIF, the National Bank of Egypt and Banque Misr signed a memorandum of understanding on the development of investment cooperation in Cairo on February 2. The parties will form a working group to develop a joint investment platform to finance Russian-Egyptian projects in Egypt and support Russian companies entering the Egyptian market. The fund is also continuing consultations with Egypt's Finance Ministry on the creation of an investment fund modeled on the RDIF. The parties agreed to work on this issue a year ago. The projects that will be selected by the work group will have to meet several criteria, including protection of capital for investors, participation of local co-investors and mandatory bank financing.

Similar Private Companies By Industry

Company Name Region
African Export-Import Bank Middle East/Africa
Arab African International Bank Middle East/Africa
Arab Bank Egypt Middle East/Africa
Arab International Bank Middle East/Africa
Arab Investment Bank Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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