Banque Misr

Banque Misr was established in 1920 by the pioneer economist Mohamed Talaat Harb Pasha, who came up with the concept of investing national saving and directing them towards economic and social development and thus Banque Misr became the first bank to be wholly owned by Egyptians. Since 1920, Banque Misr has been concerned with the establishment of companies in various fields, including spinning and weaving, insurance, transportation, aviation and cinema, and has continued to support all its activities at a steady rate, Banque Misr currently owns equity in 162 projects including financial, industrial, tourism, housing, Agri and food, general service, in addition to projects in the field of communication and information. Banque Misr has also established major investment funds in Egypt as a part of a diversified portfolio, and has been granted an award by the Global Finance Treasury and Cash Management Awards, as the "Best Provider of Money Market Funds in Africa and the Middle East for the year 2009 and 2010", and "Best Provider of Money Market Funds in the Middle East for the year 2008, 2012, 2013 and 2014", and "Best provider of short- term investments/ money market funds in the Middle East 2015 and 2016". Banque Misr is also perceived as a prominent national bank in terms of providing finance facilities to a diversified range of projects. On the account of its ongoing efforts, Banque Misr has been ranked the 14th in Bloomberg report for Q4 / 2014 as the best bank to market syndicated loans in the Middle East and North Africa. This rank came as a result of Banque Misr noticeable achievements in the field of corporate finance, corporate credit, syndicated loans, and the procedures covering loan arrangements in all key fields and sectors. A true pioneer in the region, Banque Misr became the first bank in Egypt and North Africa to become compliant with PCI data security standards, upon obtaining the global Payment Card Industry Data Security Standard (PCI DSS) certification. Utilizing the latest technology in the banking sector, Banque Misr is constantly looking to expand customer access to banking services. Today, Banque Misr is proud to offer one of Egypt's largest ATM networks, more than 1500 ATM located across all areas of Egypt. Banque Misr's role is evident in all economic fields due to its geographic outreach. The bank's 12,500 employees serve a large client base of more than seven million clients in Egypt and a total paid-up capital amounting to EGP 15 billion. The Bank currently owns and operates more than 500 electronically connected local branches, including 5 branches in the United Arab Emirates, one in France, in addition to regional and global existence in Lebanon, Germany and worldwide network of correspondents.