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Banque Misr Signs an MOU with East Port Said Industrial Zone for Providing Banking Products to Companies

Banque Misr concluded a memorandum of understanding with East Port Said Industrial Zone on Monday, 24th February 2020, which was signed by and between Mr. Akef El-Maghraby – Deputy Chairman of the Board of Banque Misr and Mr. Ahmed Al-Mufti – Executive Director of East Port Said Development (East Port Said Industrial Zone), within the context of developing and incentivizing investment in industry and assisting investors, by providing all banking products that fulfil their needs. The event was attended by Mr. Shehab Zidan, Head of Banque Misr’s Banking Products Sector for Companies and Financial Institutions and a number of high-ranking executives representing both parties.

The signing of the memorandum comes within the framework of Banque Misr’s keenness on providing financing to investors and to facilitate procedures so as to expedite the completion of projects. This is while offering special programs and incentives to investors of East Port Said Industrial Zone, which is a region that is anticipated to witness significant expansion in the near future; especially in lieu of the investment benefits and incentives offered. The Zone includes several areas for various investment-attracting industries, as it is intended to generate some four hundred thousand job opportunities and to house around one thousand two hundred factories.

As one of the pillars of the national economy, Banque Misr is committed to providing all banking products and services to companies – whether they be international trade operations, monetary solutions or financing small and medium projects and large companies. This is owing to the role it plays in developing the national economy, ensuring social stability and increasing the national product by relying on the domestic product as an alternative to the imported one, as well as generating job opportunities.

Banque Misr has always enthusiastically partaken in initiatives and protocols that aim to provide services to accommodate the needs of customers, since customer satisfaction is a constant focus of the Bank’s activities and customers are considered partners in success at all levels by the institution.