Banks

Banque Misr signs a cooperation protocol with the Egyptian Federation of Construction and Building Contractors

Eman Al-Wasili and Fathi Al-Sayeh

Banque Misr signed a cooperation protocol with the Egyptian Federation For construction and building contractors on Monday 723 February

This was signed in the presence of Mr. Mr. Mohamed El-Etreby – Chairman of the Board of Directors of Banque Misr, and Mr. Eng. Mohamed Samy, Chairman of the Egyptian Federation of Construction and Building Contractors, and a group of bank and union leaders in order to provide support and financing to small contractors from affiliated members and working under the umbrella of the Egyptian Federation of High-Net worth Construction and Building Contractors , to work to meet their needs by taking advantage of the financial and non-financial services provided by Banque Misr, which contributes to supporting this category, by providing and providing financial solutions and services that are represented in loans and facilities that support the activity in addition to non-financial solutions and services through the Rowad Initiative The Nile provided by the Central Bank of Egypt, in order to provide all means of support to small contractors in various fields Contracting Machines.

Banque Misr attaches great importance to the medium, small and micro enterprises sector by providing all financial and non-financial services. The bank is one of the first banks to adhere to the requirements of the Central Bank and reached the SME financing portfolio to 723 % of the total The bank’s credit portfolio in June

with its positive impact on the national economy, and this coincides with the directives of the Central Bank of Egypt and the state’s efforts to advance this sector to improve economic indicators and increase rates of economic development Encouraging the local product and reducing the import bill.”

The signing of this protocol comes within the framework of Banque Misr’s strategy aimed at supporting and developing small and medium enterprises And the experience it has in this field and based on the bank’s role as one of the leading institutions in financing small and medium enterprises by providing distinct financing mechanisms that meet all financing needs, as well as non-financial solutions and services for all sectors in various activities except

Banque Misr has won many awards for the previous period in appreciation and culmination of its achievements and efforts in the field of project financing. Small and medium-sized companies from many international institutions and such awards; The award for “Best Bank in the Field of Small and Medium Enterprises – Egypt

” from The Global Economics magazine, and the award for “The Best Bank in the Field of Small and Medium Enterprises – Egypt

” from World Business Outlook magazine, and the bank was awarded the “Most Innovative Bank in Financing Small and Medium Enterprises – Egypt”

)” from Global Business Outlook magazine, and the award for “The Most Innovative Bank in the Field of Small and Medium Enterprises – Egypt

” from International Finance Magazine, and the award for “Best Bank in Finance” Small and Medium Enterprises – Egypt

” from Asia Money magazine “Euromoney”, and the award for “Best Bank in the Field of Small and Medium Enterprises – Egypt

” from Cosmopolitan The Daily magazine, and the bank’s obtaining these awards and centers is a certificate of entitlement to the trust of its customers, which is always the focus of its attention, as they are partners in success in all business. 2021 2022 Banque Misr – as one of the pillars of the national economy – is keen to provide a variety of credit products specifically designed to meet the needs of projects in They are of different sizes, and he signs many initiatives and protocols aimed at expanding the financing of these projects, in addition to providing technical, financial and non-financial advisory services to project clients, believing that these projects are the locomotive and pillar of economic growth.