In line with Banque Misr’s strategy to support small and micro enterprises and contribute to sustainable economic development, the bank has signed an EGP 500 million credit facility agreement with Tanmeyah, a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on the micro and small enterprise segments.
The agreement was signed on behalf of Banque Misr by Mr. Mohamed El-Etreby, Chairman of Banque Misr, and Mr. Mostafa Gamal, Head of the Financial Institutions and Correspondents Sector. The ceremony was attended by Mr. Hosam Abdel Wahab, Vice Chairman of Banque Misr, and Mr. Aladdin El Afifi, Chairman of Tanmeyah and CEO of EFG Finance, an EFG Holding company. Representing Tanmeyah were Mr. Jinu Johnson, CEO and Managing Director of Tanmeyah, and Mr. Hesham Elbosaty, Group Treasurer & Head of Finance – Private Equity of EFG Holding.
Banque Misr’s decision to enter into this agreement underscores its commitment to the role of non-banking financial institutions in fostering economic growth and diversifying financing sources. The agreement aims to provide Tanmeyah with various financing solutions, including short and medium-term loans, to support its clients—particularly individuals and small business owners—under favorable terms and competitive rates.
Since its inception, Tanmeyah has issued nearly three million financing packages of various types and sizes. The company operates approximately 305 branches across 25 Egyptian governorates, serving about 30,000 customers monthly with a workforce of around 5,000 employees. This extensive network ensures that a significant number of customers will benefit from the advantages this agreement provides across the country.
Banque Misr seeks to offer advanced and accessible banking and financial services, continuously enhancing the quality of its offerings. The bank strives to maintain its long-term success and actively participate in initiatives and services that meet its customers’ needs. Furthermore, Banque Misr consistently supports national and strategic development, driven by its commitment to sustainability and continuous progress.
