Tag: #Banque Misr
ICD, Banque Misr to provide $30 million SME finance
Since its inception, ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks and direct investments
Orascom Development Egypt secures EGP 6 billion syndicated loan
EFG Hermes acted as the sole financial adviser, lead manager and bookrunner on the transaction
Banque Misr secures $234 million from IFC to support SMEs
The loan to Banque Misr will catalyse job creation in Egypt through its focus on providing financing to micro and small businesses
Egyptian banks suspend debit card use in foreign currency
Commercial International Bank told accountholders that debit cards could only be used for Egyptian pound transactions within the country.
Banque Misr, EgyptAir sign cooperation protocol in digital payments
The partnership was hailed as an expansion of Banque Misr’s achievements in the field of digital payments and support for digitalisation
Banque Misr reinforces partnership with Mastercard to enhance payments
Banque Misr is continuously striving to support digital transformation by providing solutions that facilitate advanced banking
Moody’s downgrades 5 Egyptian banks, citing weaker sovereign
Moody’s has downgraded the long-term bank deposit ratings of five Egyptian banks by one notch a week after the rating company lowered the North...
Allianz Egypt renews multi-year life insurance deal with Banque Misr
Allianz Egypt said Wednesday that it has extended its partnership with Banque Misr for five years to integrate the insurance services offered by the...
Mastercard invests in Nclude to boost Egypt’s fintech ecosystem
Mastercard said Tuesday that it has invested in Nclude, an Egyptian financial technology-focused investment fund, to accelerate the growth of the country’s fintech ecosystem...
Fintech ascending: Why Egypt’s banks should embrace change
There is great appetite for innovation and modernization in the Egyptian financial world right now and everybody is trying to get on board. Almost...