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Banque Misr ranked best bank in Africa for marketing joint loans, financing projects

Bloomberg classified Banque Misr as the best bank in Africa for marketing and arranging joint loans and financing projects during the first half of 2016. Banque Misr has maintained this position since the beginning of 2015, outperforming several major European banks and Bank Standard Chartered, which came in second place.

Banque Misr also topped the ranking of the 20 best Egyptian banks for marketing and arranging joint loans and financing projects all over the Middle East and North Africa, according to Bloomberg's classification during the first half of 2016.

During the period from 1 July 2015 to 20 June 2016, Banque Misr has concluded EGP 72.5bn worth of  arranging and financing—as well as taking part in—many financial operations in several sectors, including electricity, cement, real estate investment, and oil. The value of the guarantee of Banque Misr's coverage in these operations reached nearly EGP 18.4bn, as a result of the bank's clear and tangible achievements in arranging large operations for several projects across all key sectors in national projects.

As a continuation of the bank's intensive marketing plans to attract new clients and financing operations, and its commitment to achieve its strategic and developmental goals—in order to support the national economy in several sectors and fields—the bank is currently seeking to conclude a number of targeted financing operations. They are currently under study and are expected to be completed soon in the fields of specialised contracting, maritime transportation, electricity, energy, fertilisers, and other fields.

These operations are worth EGP 38.5bn, and Banque Misr's guarantee of coverage of these operations is estimated at EGP 12.2bn, to underline the bank's role as one of the leading national banks in the Egyptian banking market.