Banque Misr

It is a bank established in Egypt by Talaat Pasha Harb. It is responsible for offering operations in the banking and financial sector throughout the country. It owns shares in 158 companies covering textile, insurance, transportation, entertainment, aviation and film sectors.

History

It was the first Egyptian-owned bank founded in 1920 by Mohamed Talaat Harb Pasha. In 1926, it opened its first international office in France and began to expand outside the country. It had a fall in the late 1930s but then could be reorganized again. In 1960, banks in Egypt were nationalized, including Banque Misr. It acquired Nahda Arabian Bank in Libya in 1963 and Banque de Port-Said in 1971. In 1995, it merged with Bank of Alexandria, National Bank of Egypt, Banque du Caire and Kato Aromatics to form Cairo International Bank in Uganda. In 2004, it merged with Misr Exterior Bank.

Swift Code

The Swift Code (Society for Worldwide Interbank Financial Telecommunication), also known as BIC, is used during an international transfer to identify the receiving bank: BMISEGCX.

Number of Employees

The bank has approximately 14,500 employees.

Rating

The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.

Banque Misr has a rating of:

  • Moody’s = B2.
  • S&P = B.

B2 (Moody’s) = It has high credit risk.

B (S&P Global) = The financial situation undergoes notable variations.

Headquarters

The headquarters of the entity is in the city of Cairo, Egypt.

Website

If you want to know more about this bank, enter through its website: http://www.banquemisr.com/.

Services

The bank has a lot of participation in the capital markets sector that includes custody securites and services, equity participation, investment trustees, mutual funds, and mutual funds prices. It also offers services for SMEs such as microfinance projects, small business projects and medium-sized business loans. Besides, it provides retail banking (accounts, deposits, personal loans, credit and debit cards) and corporate services.

Contact

  • Address:  153 Mohamed Farid St., 11511 Down Town, Cairo
  • Phone Number: 00(02) 23912172