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Banque Misr Ranked First and Only Egyptian Bank among Top Financial Institutions in Promoting Loans in Europe, Middle East and Africa

In light of its ongoing commitment to continue its leading role in financing vital projects to accelerate development, and in light of its commitment to achieve strategic and development objectives in order to support the national economy in various sectors, Banque Misr has just been recognized among the top financial institutions in Europe and the Middle East in marketing loans. As the first and only Egyptian bank on the list, Banque Misr has been ranked eleventh in Bloomberg’s annual report for the year 2010. Reports such as the Bloomberg report provide a great deal of data on the global banking system and the economy at large. Within this important report, Banque Misr succeeded in ranking in fifth place as the best main arranger of syndicated loans and in ninth place as the best bank to market syndicated loans in the MENA region.

These rankings stand as a testament to the Bank’s tangible and prominent achievements on the level of corporate and syndicated loans, as well as, the arrangement of huge finance transactions for many projects in various sectors, including food and beverage industries, pharmaceuticals, tourism, fertilizers, oil and gas, construction materials, infrastructure, telecommunications, etc. Banque Misr has arranged 16 syndicated loans throughout 2010 with a total contribution of EGP12 billion in an effort to maintain its leading role and active participation in national projects in order to accelerate economic progress.