Banque Misr was established in 1920 by the pioneer economist and financial expert Mohamed Talaat Harb Pasha, who spearheaded the concept of investing in national savings and directing them towards economic and social development. Thus, Banque Misr was established as the first wholly Egyptian – owned bank.
Banque Misr has also established major investment funds in Egypt, as part of a diversified portfolio, and was granted an award by the Global Finance Treasury and Cash Management Awards as the ‘Best Provider of Money Market Funds in Africa and the Middle East’ for the years 2009 and 2010 and the ‘Best Provider of Money Market Funds in the Middle East’ for the years 2008, 2012, 2013, 2014 and 2015. The bank was also awarded as the ‘Best Provider of Money Market Funds and Short-Term Investments in the Middle East’ in 2015, 2016, 2017 and 2018.
Banque Misr was also recognized as best Mandated Lead Arranger in the Egyptian banking market and was ranked second best Bookrunner and Mandated Lead Arranger across Africa in Bloomberg’s Global Syndicated Loans League Tables for the third quarter of 2017. Moreover, on the scale of the Middle East and North Africa region, Banque Misr maintained its top ranking among Egyptian banks, ranking at fifth place among Bookrunners and the sixth place among Mandated Lead Arrangers in the MENA region for the third quarter of 2017.
A true pioneer in the region, Banque Misr became the first bank in Egypt and North Africa to become compliant with PCI data security standards, upon obtaining the latest version of the global Payment Card Industry Data Security Standard (PCI DSS 3.2) certification. Utilizing the latest technology in the banking sector, Banque Misr is constantly looking to expand customer access to banking services. Today, Banque Misr is proud to offer one of Egypt’s largest ATM networks, located across all areas of Egypt.
Banque Misr’s role is visible in all economic fields due to its geographic outreach. The bank has about 14,500 employees, serving a large base of more than eight million clients in Egypt, with a total paid-up capital amounting to EGP 15 billion. The bank has about 600 electronically integrated local branches, as well as five branches in the United Arab Emirates and one in France, In addition, the bank boasts a regional and global presence, with subsidiaries in Lebanon and Germany, as well as representative offices in China and Russia and a global network of correspondents.