According to its chairman, Mohamed El-Etreby, Banque Misr, the second-largest state lender in Egypt, plans to launch its first digital bank in the country in the first quarter of 2024. …
Banque Misr
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EconomyHighlights
Banque Misr Rep Office in Kenya Will Turn into a Branch in 3 Years
by Nada Khaledby Nada KhaledEgypt’s second-largest public bank, Banque Misr announced plans to transform its representative office in Kenya into branch operations within three years. The Egyptian lender aims to expand its presence in …
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EconomyHighlights
Dollar Price Rate Remains Stable at Egypt’s Major Banks
by Nada Khaledby Nada KhaledAt the start of Sunday’s transactions at Egypt’s major banks, the US dollar’s value relative to the Egyptian pound was constant. The dollar exchange rate at the National Bank of …
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EconomyHighlights
Including HDB… Several Banks to Increase Loan Offerings
by Asmaa Elwahyby Asmaa ElwahyThe banks were Banque Misr, the National Bank of Egypt (NBE), Banque du Caire, the Bank of Alexandria, the Housing and Development Bank (HDB), and the Agricultural Bank of Egypt …
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Highlights
Egypt’s Largest State-Owned Banks Issues New ‘Highest Interest Ever’ Dollar Savings Certificate
by Nada Khaledby Nada KhaledThe National Bank of Egypt (NBE) and Banque Misr, the two largest state banks in Egypt, issued two certificates of deposits denominated in US dollars with exceptional interest rates between …
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Earlier today, the National Bank of Egypt (NBE) and Banque Misr issued new three-year foreign currency saving certificates, finally catering to clients’ ongoing demands, seeking to transfer savings to dollar …
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Highlights
CBE Lists Average Rates for Dollar, Euro, Sterling, Saudi Riyal
by Nada Khaledby Nada KhaledAccording to CBE, Early Sunday’s transactions at Egypt’s biggest banks showed that the exchange rate of the US dollar against the Egyptian pound remained stable. The Central Bank stated that …
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HighlightsNews
Dollar Price Remains Stable on Wednesday’s Transactions
by Nada Khaledby Nada KhaledAt the start of Wednesday’s transactions, the dollar exchange rate appeared to be stable at Egypt’s major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar …
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News
Banque Misr May Receive $260 M Loan from IFC for Local MSMEs, Women-Owned SMEs
by Nada Khaledby Nada KhaledThe International Finance Corporation (IFC) may extend $260 million to state-owned Banque Misr for on-lending to local MSMEs and women-owned SMEs. According to the lender’s website, the IFC will fund …
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