banque misr
In a statement published on its official Facebook page, the bank noted a fraud that occurred in a branch of it in the city of Samalout, located in Minya Governorate, but did not provide details in the statement.
That was in IPAs Africa Forum 1 held in Sharm El Sheikh on June 11-14.
Deputy Chairman of Banque Misr Akef El Maghraby said that ATMs across the country are fed with cash during the holiday of Eidul Fitr.
The US dollar exchange rate was stable during Monday's transactions at Egypt's major banks recording EGP 15.61 for buying and EGP 15.74 for selling.
Net profits recorded LE 11 billion in 2019/20 after paying taxes worth LE 13 billion.
This came during a ceremony to celebrate the agreement and distribute the tombstones by JICA, according to an official statement.
The implementation is subject to the bidder obtaining a percentage leading to an increase in his current percentage in the target company to 51 percent or more, with the permissibility of waiving this condition.
The documents related to the purchase offer file are being prepared, in accordance with the provisions of Chapter 12 of the Executive Regulations of the Capital Market Law No. 95 of 1992.
The Assets and Liabilities Committee (ALCO) at Banque Misr decided on Thursday to keep the interest rate or return on its three-year Summit Certificates, the return of which is paid monthly, at 11 percent.
The Egyptian National Library and Archives, represented by the Center for Contemporary Egyptian History will hold an educational seminar entitled "Banque Misr Centennial", at 10:30 a.m., in the seminars hall of Dar el-Kotob in the Nile Corniche.
In statements, Chairman of Banque Misr Mohamed el Etribi hailed the partnership that aims at merging unofficial transfer sector into the banking sector in Egypt as well as enhancing financial inclusion as part of the bank’s role to support the Egyptian economy.
The bilateral strategic partnership between Egypt and the European Investment Bank dates back to 1979 with a portfolio amounting to nearly 10.6 billion euros to finance public and private collaborations and support social and economic development.
The Central Bank of Egypt (CBE) announced on Friday that Prime Minister Mostafa Madbouli issued two decrees to reform the board of directors of National Bank of Egypt and Banque Misr for three years starting from September 25, 2020.
Covering 71 stations in Cairo, the move aims at easing access to banking services by all the users of the tube.
The three-month initiative was launched late July with the aim to activate sales through discounts offered by men of industry and trade, the bank said in a statement.
EBRD announced Wednesday supporting the real economy in Egypt with a $ 200 million financing package to Banque Misr for trade and for on-lending to small and medium-sized enterprises (SMEs) and private businesses – a key segment of the local economy - impacted by the coronavirus pandemic.
EBRD will provide a $ 100 million loan to enable Banque Misr to provide short-term financing to private SMEs and corporates facing liquidity strains due to a decrease in their activities and turnover caused by Covid-19.
The proceeds of the proposed loan will be on-lent to local private small and medium-sized enterprises and to corporates, supporting them in bridging liquidity needs.
The Minister of Health and Population, Hala Zayed, emphasized the importance of solidarity of all state institutions, which will contribute greatly to Egypt overcoming this crisis.
Mohamed el Atrebi, the Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 55 billion pounds throughout the past three months.
