Banque Misr was established
in 1920 by the pioneer economist and financial expert Mohamed Talaat Harb
Pasha, who spearheaded the concept of investing in national savings and
directing them towards economic and social development. Thus, Banque Misr was
established as the first wholly Egyptian - owned bank.
Since its establishment,
Banque Misr has founded a lot of companies in various sectors, including:
Textiles, Insurance, Transportation, Airlines, Entertainment and Cinema. The
bank also kept supporting the banking and investment activities, Banque Misr
now owns a big share in 159 companies that work in financing, tourism, housing,
agriculture and food in addition to another companies in the communications and
information technology sector.
Banque Misr has also
established major investment funds in Egypt, as part of a diversified
portfolio, and was granted an award by the Global Finance Treasury and Cash
Management Awards as the ‘Best Provider of Money Market Funds in Africa and the
Middle East’ for the years 2009 and 2010 and the ‘Best Provider of Money Market
Funds in the Middle East’ for the years 2008, 2012, 2013, 2014 and 2015. The
bank was also awarded as the ‘Best Provider of Money Market Funds and
Short-Term Investments in the Middle East’ in 2015, 2016, 2017 and 2018.
BM was also recognized as
best Mandated Lead Arranger in the Egyptian banking market in Bloomberg’s
Global Syndicated Loans League Tables for the third quarter of 2018, and was
ranked second top Bookrunner. It was also ranked the fourth top Mandated Lead
Arranger across Africa.
Moreover, on the scale of the
Middle East and North Africa region, Banque Misr ranked at seventh place among
Bookrunners and 13th among Mandated Lead Arrangers in the MENA region for the
third quarter of 2018.
A true pioneer in the region,
Banque Misr became the first bank in Egypt and North Africa to become compliant
with PCI data security standards, upon obtaining the latest version of the
global Payment Card Industry Data Security Standard (PCI DSS 3.2)
certification. Utilizing the latest technology in the banking sector, Banque
Misr is constantly looking to expand customer access to banking services.
Today, Banque Misr is proud to offer one of Egypt’s largest ATM networks,
located across all areas of Egypt.
Banque Misr’s role is visible
in all economic fields due to its geographic outreach. The bank has about
14,500 employees, serving a large base of more than eight million clients in
Egypt, with a total paid-up capital amounting to EGP 15 billion.
The bank has about 620
electronically integrated local branches located nationwide to provide the best
and most accessible services to customers. Banque Misr also values its regional
and international presence, which includes its five branches in the United Arab
Emirates and one in France. In addition, the bank’s international presence
includes subsidiaries in Lebanon and Germany, as well as representative offices
in China and Russia and a global network of correspondents.
Banque Misr Corporate profile