Owing to Banque Misr's keen support for state efforts seeking the achievement of financial inclusion and in line with the vision of Egypt 2030 for sustainable development, the Bank has recently signed a protocol of cooperation with the Coptic Orthodox Cultural Center at Saint Mark's Cathedral in Abbasiya. The ceremony witnessed the attendance of Mr. Mohamed El-Etreby – Chairman of the Board of Directors of Banque Misr, Mr. Akef El Maghraby – Vice Chairman of the Board of Directors at Banque Misr, His Excellency Bishop Jeremiah – Bishop General and Head of the COCC and President of MESAT channel, Dr. Amr El-Haddad – Assistant Minister of Youth and Sports for Sports Development, Ambassador Mona Omar – Member of the National Council for Women and Chairman of the External Relations Committee at the NCW, Dr. Amani Asfour – President of the International Federation of Businesswomen and Mr. Khaled Bassiouni – Director of the Financial Inclusion Department at the Central Bank of Egypt. This is in addition to the presence of several Sector Heads at Banque Misr and members of the COCC advisory council, with the signature ceremony taking place on Sunday, 23rd August 2020 at COCC premises in Abbasiya.
The protocol includes the issuance of pre-paid cards to beneficiaries in order to facilitate the acquisition of services provided by COCC, which delivers services, financial and in-kind assistance to some 100 thousand families throughout the governorates of the Republic. A total of 200 cards were delivered as part of the first phase of the initiative. Banque Misr also celebrated outstanding high school graduates and gifted them 50 bicycles as part of the signature ceremony, so as to motivate them to continue their successful endeavors and to become exceptional community members in the future, capable of contributing to the nation's progress and development. This also came in light of Banque Misr's support of Egyptian youth as the beacons of the future.
Worth noting is that Banque Misr has always been keen on supporting state efforts seeking the achievement of financial inclusion, owing to its firm belief in the importance of financial inclusion, which aims to enable access by all segments of society to financial products and service that accommodate their various needs. The Bank has partaken in financial inclusion activities (via International Youth Day) under the auspices of the Central Bank of Egypt, from the 9th – 24th August 2020, by providing numerous benefits and free offers that serve all customers, specifically the nation's youth, being the largest segment of society.
Banque Misr has consistently supported the state's efforts for achieving financial inclusion, by partaking in several initiatives and protocols seeking to serve members of the community. This is in addition to adopting various schemes that spread awareness on financial inclusion such as supporting small and medium enterprises under the "Nilepreneurs" initiative sponsored by the CBE. The initiative aims to support young entrepreneurs and to encourage start-up companies operating in various economic sectors.
Owing to Banque Misr's keenness on supporting state efforts for financial inclusion and in line with the vision of Egypt 2030 for achieving sustainable development, the Bank actively participated in various financial inclusion events (International Youth Day) under the auspices of the Central Bank of Egypt. This comes in light of the Bank's belief in the importance of achieving financial inclusion, which aims to enable access of all segments of society to financial products and services that fulfil their different needs. These include savings accounts, current accounts, payment and transfer services, insurance, financing and credit. On the occasion of International Youth Day – whose activities continued from 9th to 24th August 2020 – Banque Misr offered various benefits and free offers to serve all customers, especially youths, being the largest segment of society.
Worth noting is that Banque Misr had provided a multitude of various financial products and services, offering benefits and free promotions as part of the financial inclusion of youths; such as opening accounts for new customers without administrative fees and without a minimum deposit. Moreover, the Bank incurred all stamp fees required for opening accounts, while issuing "Meeza" debit card and the classic debit card on a complimentary basis. As for customers under 16 years of age, they were exempt from the administration fees of issuing the prepaid TEENS card, which carries numerous offers and discounts. Opening accounts for customers ranging in age from 16 to 30 was done on a free-of-charge basis, without a minimum limit, while also being issued a complimentary debit card, in addition to other benefits (banking and non-banking).
New BM Wallet customers (through the Bank's website or the BM Wallet application) were granted a welcome balance valid for use for a period of one month, which may be used for all services rendered by BM Wallet. This is in addition to the possibility of obtaining a prepaid Meeza card without administrative fees. Customers obtaining an installments payment loan as part of the "Mayeghlash Alik" initiative were granted numerous benefits; such as reduced interest rate by 1% for all salary-guaranteed personal loans and the pensions scheme. They were also exempt from any administrative fees.
Banque Misr has consistently supported state efforts for achieving financial inclusion, by partaking in various initiatives and protocols that serve members of the community. This is in addition to adopting several programs for awareness and financial inclusion; such as supporting small and medium enterprise owners as part of the "Nilepreneurs" initiative under the auspices of the CBE. The initiative aims to assist young entrepreneurs and encourage startups in various economic sectors.