Banque Misr
Banque Misr is a prominent banking institution in Egypt, founded in 1920, with a workforce of over 16,000 employees and a client base exceeding 6.8 million. The bank operates more than 580 branches, including international locations, and offers a wide range of financial services, including commercial banking, Islamic banking products, and digital banking solutions.
History
Banque Misr was founded in 1920, marking its establishment as the first bank in Egypt and North Africa. Over the decades, it has grown to become a significant player in the banking industry, providing a wide range of financial services to millions of clients. The bank has expanded its operations internationally, establishing branches in the United Arab Emirates, France, Lebanon, and Germany.
Services
Banque Misr offers a comprehensive suite of financial services, including commercial banking, financial services, and Islamic banking products. The bank provides various consumer loans, such as personal, auto, and mortgage loans. Additionally, it has a wide range of digital banking services, including BM Online, BM Wallet, and mobile banking applications for corporate customers. The bank also engages in corporate banking, offering trade finance and syndicated loans.
Client Base
Banque Misr serves a large client base of over 6.8 million clients in Egypt. The bank focuses on financial inclusion, providing various promotions and benefits to support this initiative. It also offers tailored financial services for Egyptians working abroad, including competitive interest rates and dedicated support.
Awards and Recognition
Banque Misr has received multiple awards from the Global Finance Treasury and Cash Management Awards. It has been recognized as the 'Best Provider of Money Market Funds' in Africa and the Middle East for several years. The bank is also the first in Egypt and North Africa to comply with PCI data security standards, obtaining the PCI DSS certification.
Branch Network
Banque Misr operates more than 580 electronically connected local branches across Egypt, including international branches. The bank has established a significant ATM network, providing access to financial services throughout the country. It also features branches that operate in non-official hours, located in malls, clubs, and tourist hotels.