Arab Banking Conference 2015 kicks off in Cairo today
Egypt is hosting today the Arab Banking Conference 2015, with the theme of 'Financing for Development'. The…
Browsing Tag
Mohamed Barakat
Arab International Bank Plans Offering Banking Services in EGP by Q1
The Arab International Bank (AIB) is aiming to start offering banking services in local currency (Egyptian pound)…
SMEs Bulwark Arab World against Unemployment – Barakat
Mohamed Barakat, chairman of Banque Misr, and Union of Arab Banks asserted that Many Arab countries are suffering…
Arab Banks’ Assets Have Exceeded US$2.7 Tln; Says Barakat
By virtue of a strong financial position, liquidity and profitability, the Arab banks attained average growth rates…
Banque Misr Restructures Investments In Subsidiaries
Banque Misr has started to restructure its investments in stocks and subsidiary and sister companies which are…
Banks Seek More Advanced E-Payment Services: Mohamed Barakat
The banking sector is now turning to depend on more advanced payment services so as to reduce risks of losing cash…
Banque Misr Defers Launching New Fund To End Of 2012
Banque Misr delayed launching a new fund, which will invest in fixed income instruments, to the end of this year.…
Union Of Arab Banks Names Mohamed Barakat New Chairman
Mohamed Barakat, chairman of Banque Misr, has been named the chairman of Union of Arab Banks for a three-year term,…
Banque Misr To Raise Retail Finances To EGP 5 Bln In 2013
Banque Misr plans to raise retail finances by EGP 2 billion to reach EGP 5 billion by the end of 2013, up from EGP…
Banque Misr Launched 8 New Branches In 2012
Banque Misr has inaugurated eight new branches last year to increase the number of its branches to 490 at the end…
Banque Misr Contributed To EGP EGP 22 Bln Finances In 2012
Banque Misr arranged, financed and contributed to a number of finances worth EGP 22.163 billion in 2012 offered to…
Banque Misr’s Retail Banking Volume Hit EGP 2.9 Bln At End-June 2012
Banque Misr’s retail banking portfolio surged to 2.9 billion at the end of June 2012, compared to EGP 1.9 billion…
Banque Misr’s SME Finances Hit 72% Up In FY 2011/12
Banque Misr’s SME finance portfolio grew 72% in FY 2011/2012, thanks to the bank’s continuous support to small and…
Banque Misr Acquires 15.9% Deposit Market Share In Egypt
Banque Misr raised the value of deposit portfolio from EGP 154.5 billion to EGP 162.5 billion, registering an…
Banque Misr’s Net Loans Surged EGP 6.9 Bln At End-2012
Banque Misr’s net loans rose EGP 6.9 billion (15.2%) by the end of December, 2012. The bank expanded in offering…
Banque Misr’s Net Profit Hit EGP 709 Mln In FY 2011/12
Banque Misr’s general assembly approved in its meeting last Sunday the financial statements for the fiscal year…
Banque Misr To Approve FY 2011/2012 Budget Next Sunday
Banque Misr will hold its general assembly meeting next Sunday to approve its budget for FY 2011/2012 that ended on…
Federation Of Egyptian Banks To Elect New Chairman Next March
The Federation of Egyptian Banks (FEB) will elect a new chairman in its general assembly meeting next March,…
Banque Misr Disbursed Yellow Remittances Worth EGP 320 Mln
Banque Misr disbursed EGP 320 million worth of 92,332 yellow remittances. Sources said the bank disbursed 86%…
Banque Misr Awarded “Best Provider Of Money Market Funds” In MENA For 2013
In what is considered to be an important step and a crowning of Banque Misr’s efforts and noticeable activities in…
Banque Misr Damietta’s Vehicle Hijacked, Robbed Of EGP 1.2 Mln
Banque Misr Damietta's car was attacked and robbed of EGP 1.200 million by anonymous on Tuesday morning. Four…
Banque Misr’s MSME Finances Hit EGP 700 Mln By End Of 2012
Banque Misr’s SME loan portfolio rose to over EGP 700 million at the end of 2012. Sources said the bank plans to…
Banque Misr UAE Capital Doubled To AED 360 Mln
Banque Misr has doubled the capital of its unit in United Arab Emirates from AED 180 million to AED 360 million at…
Banque Misr Launches Two Branches In Mokattam, Hurghada
Banque Misr has inaugurated two branches in Mokattam and Hurghada. The bank has more than 470 branches which are…
Banque Misr Offers Durable Goods Loans Up To EGP 500,000
Banque Misr allows its customers to purchase durable goods (furniture, electric devices, etc...) through funding…
Banque Misr To launch Two New Products In FY 2012/13
Banque Misr targets to launch two new products in the current fiscal year which are sharia-compliant mortgage and…
Banque Misr To Launch Two Investment Funds In 2013
Banque Misr targets to launch two investment funds each with capital of EGP 100 million by next year, sources told…
Banque Misr Offers Savings Certificate With 11.5% Quarterly Revenue
Banque Misr has launched Savings Certificate of Excellence with fixed return of 11.5% to be calculated from the…
Banque Misr’s Car Loan Portfolio Rose To EGP 400 Mln
Banque Misr’s car loan portfolio rose by more than 33% (EGP 100 million), registering EGP 400 million at the end of…
Banque Misr’s Retail Finances Hit EGP 2.9 Bln In September
Banque Misr’s retail finance portfolio stood at EGP 2.9 billion at the end of last September, compared to EGP 2.7…
Banque Misr Liban Named Best Commercial Bank In Lebanon In 2012
Banque Misr Liban (BML) received the Best Commercial Bank in Lebanon Award in 2012 by World Finance, in recognition…
Banque Misr Liban Launches Two New Branches
Banque Misr Liban has celebrated the launch of two new branches in Lebanon in the presence of Ahmed El-Semawy, the…
Banque Misr Launches Car Murabaha With Highest Finance Rate
Banque Misr has launched a new product available at its Islamic branches which is the car murabaha finance that was…
Banque Misr Disbursed 90,000 Yellow Remittances Worth EGP 312 Mln
Banque Misr disbursed EGP 312 million worth of 90, 000 yellow remittances till last week through its 120 branches.…
Banque Misr Eyes 11% Increase In Loans In 2012/13
Banque Misr targets to increase the volume of loan portfolio by 10%-11%, to register EGP 57 billion by the end of…
Banque Misr Launches Daily Prize Draw In Ramadan
Banque Misr launches daily prize draw offering its customers 15 chances to win an LCD TV in Ramadan. Customers who…
Banque Misr Injects EGP 500 Mln To SMEs Portfolio In FY 2012/13
Banque Misr targets to inject EGP 500 million to small and medium enterprises (SMEs) raising the value of SMEs…
Mohamed Barakat: Banque Misr Chairman
Mohamed Kamal El-Din Barakat is a prominent leader of the banking industry in Egypt. Barakat has been the chairman…
NBE’s Dollar Liquidity Registers US$ 1.9 Bln
The National Bank of Egypt (NBE) offered finances of US$ EGP 2 billion to the government in the period that…
Banque Misr Disbursed 87,770 Yellow Remittances Worth EGP 305 Mln
Banque Misr disbursed 87,774 yellow remittances worth EGP 305, 339, 514 in the third month of disbursing…