banque misr

Fitch Ratings revises outlook for 4 local banks to positive

Sun, 19 May 2024 - 11:31 GMT

Fitch Ratings upgraded its outlook for the National Bank of Egypt, Banque Misr, Banque du Caire, and the Commercial International Bank (CIB) to positive while maintaining their respective ratings at “B-”

Moody’s improves 5 banks’ outlooks to positive amid latest reforms and deals

Wed, 13 Mar 2024 - 11:41 GMT

State-owned banks National Bank of Egypt, Banque Misr, and Banque du Caire, as well as Commercial International Bank (CIB) had their Caa1 long-term deposit ratings affirmed, with the Bank of Alexandria maintaining its B3 long-term deposit rating

Banque Misr releases USD debit card with int’l monthly purchasing limit of $20K

Wed, 31 Jan 2024 - 01:26 GMT

BM’s new debit card will have a daily limit of $5,000 for purchasing outside Egypt, with a monthly cutoff of $20,000

National Bank of Egypt and Banque Misr CDs sales amount to LE 205B

Thu, 11 Jan 2024 - 04:23 GMT

Both banks introduced one-year maturity saving certificates featuring a 27 percent annual yield or 23.5 percent monthly yield on the same day

Banque Misr, NBE’s CDs collect LE 11B during 1st day of issuance

Mon, 08 Jan 2024 - 12:24 GMT

The NBE raised LE 7 billion and Banque Misr secured LE 4 billion

Egypt’s Banque Misr, NBE introduce new saving certificates with 27% annual yield

Fri, 05 Jan 2024 - 09:14 GMT

Banque Misr and the National Bank of Egypt (NBE) have announced the issuance of one-year maturity saving certificates with an impressive 27 percent annual yield or 23.5 percent monthly yield. This sets a new record for the highest yield in the country.

Fitch Ratings lowers credit rating of 3 state banks and 1 private bank to B-

Tue, 14 Nov 2023 - 03:40 GMT

Fitch lowered its long-term issuer default rating for state-owned National Bank of Egypt, Banque Misr and Banque Du Caire, as well as Commercial International Bank (CIB)

Egypt new ‘highest interest ever’ dollar savings certificate

Tue, 01 Aug 2023 - 03:44 GMT

Egypt’s two biggest state banks, the National Bank of Egypt (NBE) and Banque Misr have on July 26 issued two dollar-dominated three-year certificates of deposits, at very special rates between 7 – 9 percent.

EBRD provides Banque Misr with $100M loan to support MSMEs

Mon, 17 Jul 2023 - 04:42 GMT

The EBRD elaborated that the provided loan will contribute to the expansion of Banque Misr's activities beyond the Greater Cairo region and help increase the availability of medium-term funding for underserved Egyptian MSMEs.

Egypt's Central Bank regulations for digital banks align with digital strategy: Banque Misr

Sun, 16 Jul 2023 - 02:50 GMT

El-Etreby stated that this step is an excellent move that aligns with Egypt's digital strategy, aiming to enhance financial inclusion, build a competitive digital economy, expand financial technology, and utilize digital solutions in providing financial services.

Mastercard extends partnership with Banque Misr to enhance digital

Tue, 14 Mar 2023 - 02:38 GMT

Mastercard will provide Banque Misr with bespoke payment technologies and advisory services

Banque Misr, NBE announces suspension of 25% saving certificates on Tuesday

Sun, 29 Jan 2023 - 04:54 GMT

The NBE said transactions in the highly yield certificates will terminate at the end of this month.

Banque Misr announces suspension of 25% saving certificates by end of January

Tue, 24 Jan 2023 - 02:21 GMT

El-Etreby affirmed earlier that the NBE and Banque Misr’s resort to offering this certificate aims to address inflation and attract foreign exchange, within the framework of the role played by the two banks as the two largest government banks in the market.

25% saving certificates to be suspended by end of January

Mon, 16 Jan 2023 - 10:33 GMT

On January 4, Banque Misr and the National Bank of Egypt (NBE) announced the launch of a one-year saving certificate with an annual interest of about 25 percent.

NBE, Banque Misr issue 25% saving certificates for a year

Wed, 04 Jan 2023 - 11:03 GMT

The return of the certificate is paid at 25 percent interest at the end of the term, or at a monthly rate of 22.5 percent.

Banque Misr receives TRAILBLAZING TELCO ACQUIRER – MENA Award for fastest growing acquirer in Ecommerce for Mobile Network Operators in the Middle East from Mastercard International

Thu, 27 Oct 2022 - 01:35 GMT

Banque Misr receives TRAILBLAZING TELCO ACQUIRER – MENA Award for fastest growing acquirer in Ecommerce for Mobile Network Operators in the Middle East from Mastercard International.

Banque du Caire joins the National Bank of Egypt and Banque Misr in a Strategic Partnership with IBAG, Western Union's first agent in Egypt

Sun, 11 Sep 2022 - 10:59 GMT

Banque du Caire joins the shareholding of IBAG, Western Union's first agent in Egypt, after purchasing a stake from Al Ahly Capital Holding - the National Bank of Egypt’s investment arm and Banque Misr.

EIB, Banque Misr strengthen cooperation to support SMEs and sustainability financing

Wed, 13 Jul 2022 - 09:17 GMT

The first technical assistance programme will further strengthen credit risk management and adoption of SME financing best practice to enable Banque Misr to increase financing for smaller companies.

NBE, Banque Misr suspends issuance of 18% saving certificate, offer new one with 14% return

Mon, 30 May 2022 - 05:18 GMT

The 18 percent saving certificates achieved an amount of about LE 750 billion in the two banks, as the proceeds of the 18 percent certificate amounted to LE 515 billion at the National Bank of Egypt and LE 240 billion at the Banque Misr since its issuance on March 21 until the end of work today, Monday.

NBE, Banque Misr garner over LE 679B from 18% saving certificates till now

Thu, 19 May 2022 - 05:30 GMT

The banks issued the certificates following an exceptional decision by the Central Bank of Egypt (CBE) last month to raise basic interest rates by 1 percent.

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