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Banque Misr signs a cooperation procedure with the Egyptian Federation of Construction and Building Contractors
01/03/2022

Banque Misr signed a cooperation procedure with the Egyptian Federation of Construction and Building Contractors on Monday, February 21st, 2022, in the presence of Mr. Mohamed El-Etreby, Chairman of the Board of Directors of Banque Misr, and Mr. Eng. Mohamed Sami, Chairman of the Council of the Egyptian Federation of Construction and Building Contractors. The union aims to provide support and financing to small contractors such as affiliated members and workers under the umbrella of the Egyptian Federation of Construction and Building Contractors of Solvency. The goal is to work to meet their needs by taking advantage of the financial and non-financial services provided by Banque Misr. This contributes to supporting this segment of the population, by providing financial solutions and services, for example loans and facilities that support the activity. In addition to these, there are non-financial solutions and services offered through the Nile Pioneers initiative provided by the Central Bank of Egypt, with the goal being to provide all means of support to small contractors in various fields.
Banque Misr attaches great importance to the medium, small and micro enterprises sector and shows this by providing all financial and non-financial services necessary to meet the needs of the clients in this sector. The bank is considered one of the first banks to adhere to the requirements of the Central Bank and reached the SME financing portfolio to 27% of the bank’s entire credit portfolio in June 2021, with a positive impact on the national economy. This coincides with the directives of the Central Bank of Egypt and the country’s efforts to advance this sector to improve economic indicators, increase rates of economic development, encourage the sale local products, and reduce import costs.
The signing of this procedure was done within the framework of Banque Misr’s strategy aimed at supporting and helping to develop small and medium enterprises. Its experience in this field comes from the bank’s role as one of the leading institutions in financing small and medium enterprises by providing distinct financing mechanisms that meet all financing needs as well as non-financial solutions and services for businesses in various economic sectors.
Banque Misr has already won many awards from many international institutions in recognition of its achievements and efforts in the field of financing small and medium enterprises, including: The “Best Bank in Small and Medium Enterprises – Egypt 2021” award from The Global Economics magazine, and the “Best Bank in Small and Medium Enterprises – Egypt 2021” award from World Business Outlook magazine. The bank also received the “Most Innovative Bank in Project Finance for Small and Medium Enterprises - Egypt 2021” award from Global Business Outlook, “The Most Innovative Bank in SMEs - Egypt 2021” award from International Finance Magazine, the “Best Bank in Small and Medium Enterprises Finance - Egypt 2021” from Asia Money magazine “Euromoney”, and the “Best Bank in Small and Medium Enterprises – Egypt 2021” award from Cosmopolitan Daily magazine. The bank considers winning these awards as a certificate of entitlement to the trust of its clients, who are always the main focus, as they are what makes any business successful.
Banque Misr - as one of the pillars of the national economy - is keen to provide a variety of credit products specifically designed to meet the needs of projects of any and all sizes. It also undersigns many initiatives and protocols aimed at expanding the financing of these projects, in addition to providing technical, financial and other consultancy services as Banque Misr believes that these projects are the motor and pillar of economic growth

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