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banque misr

Banks warn against phishing scams after EGP 2.7M was stolen from customer

The group of fraudsters stole around EGP 2.7 million through an estimated 13 fraud incidents

A 1B fund of funds to be set up by 4 of Egypt’s biggest state banks

Egypt’s biggest state banks are teaming up to launch a EGP 1 billion fund of funds to invest in small and medium enterprises, and more

Fawry to purchase Banque Misr and CIB’s combined 30% stakes in Fawry Plus

Fawry has previously announced its desire to negotiate for the acquisition of the 48% company stakes held by shareholders

Banks see EGP 532B climb in financial position during Q1 2021: CBE

The 10 largest banks operating in the local market’s total financial position in March 2021 climbed to 5.930 trillion in March 2021

New $100M MSME booster signed by JICA, Banque Misr and SMBC

This is focus on boosting MSMEs’ abilities to lead Egypt’s economic growth through improvement of access to finance for MSMEs, states JICA