Banque Misr was established in 1920 by the pioneer economist Mohamed Talaat Harb Pasha, who came up with the concept of investing national saving and directing them towards economic and social development and thus Banque Misr became the first bank to be wholly owned by Egyptians.
Since 1920, Banque Misr has been concerned with the establishment of companies in various fields, including spinning and weaving, insurance, transportation, aviation and cinema, and has continued to support all its activities at a steady rate, Banque Misr currently owns equity in 162 projects including financial, industrial, tourism, housing, Agri and food, general service, in addition to projects in the field of communication and information.
Banque Misr has also established major investment funds in Egypt as a part of a diversified portfolio, and has been 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 year 2009 and 2010", and "Best Provider of Money Market Funds in the Middle East for the year 2008, 2012, 2013 and 2014", and "Best provider of short- term investments/ money market funds in the Middle East 2015 and 2016".
Banque Misr has also received the award for Best Syndicated Loan House in Africa in 2015 from EMEA Finance, one of the leading financial institutions internationally. Moreover, in the period starting from July 2015 to June 2016, the bank successfully arranged, funded, and participated in a number of funding operations, at a total value of EGP 72.5 billion. The funding was provided in various sectors, including electricity, cement, real estate investment, and petrol, whereby the bank's guaranteed coverage for these funding operations amounted to approximately EGP 18.4 billion. This funding was undertaken in the framework of the bank's commitment to implement its intensive marketing plans that aim to attract news clients and financing operations, in efforts to boost Egypt's economy in various sectors and industries.
Banque Misr is currently seeking to conduct major financing operations, whereby it is studying the specialized contracting, maritime transport, electricity, energy, and fertilizer sectors, among others. The value of the financing operations amounts to approximately EGP 38.5 billion, while Banque Misr is expected to guarantee approximately EGP 12.2 billion of those.
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 global Payment Card Industry Data Security Standard (PCI DSS) 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, more than 1800 ATM located across all areas of Egypt.
Banque Misr's role is evident in all economic fields due to its geographic outreach. The bank's 12,500 employees serve a large client base of more than seven million clients in Egypt and a total paid-up capital amounting to EGP 15 billion.
The Bank currently owns and operates more than 570 electronically connected local branches, including 5 branches in the United Arab Emirates, one in France, in addition to regional and global existence in Lebanon, Germany and worldwide network of correspondents