Banque Misr Market Research Report

Company Overview

Name

Banque Misr

Mission

No information is available.

Founded

No information is available.

Founders

No information is available.

Key People

Mr. Essam Eldin Mohamed Abdelmoniem Elwakil: Chairman - Non-Executive

Mr. Hisham Ahmed Okasha: Chief Executive Officer (CEO)

Mr. Hossam Eldin Abdelwahab: Deputy Chief Executive Officer

Mr. Ahmed Issa Taha Abu Hussein: Deputy Chief Executive Officer

Mr. Ashraf Mohsen Bakry Ahmed Bakry: Board Member Non-Executive

Dr. Mahmoud Ahmed Momtaz: Non-Executive Board Member

Mr. Ahmed Sherif Mohamed Ahmed Rehab: Board Member Non-Executive

Ms. Mirna Essam Eldin Arif: Board Member Non-Executive

Mr. Khaled Khalil Abd Elwahab Kandil: Board Member Non-Executive

Headquarters

No information is available.

Number of Employees

No information is available.

Revenue

Net Profit for Fiscal Year Ending December 31, 2023: EGP 52.9 billion

Known For

Banque Misr is one of Egypt's prominent national banks, recognized for its extensive contributions to corporate finance, digital transformation, and Islamic banking initiatives. It has been pivotal in offering diverse banking services, including but not limited to, electronic payments, credit facilities, and financial inclusion efforts.

Products

Products Offered

1. BM Cards: Offer various types of credit, debit, and prepaid cards
2. BM Wallet: Mobile wallet with services like money transfer, bill payments, etc.
3. Express Loan: First digital loan in Egypt for small projects
4. Corporate Banking Services: Includes trade finance and various accounts for businesses
5. Islamic Banking Services: Includes Islamic credit cards and Murabaha products
6. Mutual Funds: Various funds catering to different investment strategies
7. Digital Services: Includes online transactions, digital wallets, etc.
8. Kenana Services: Islamic banking products including Murabaha

High-Level Description

BM Wallet: A mobile wallet service to facilitate digital transactions.

Express Loan: Digital loan service aimed at small and medium-sized enterprises.

Islamic Banking: Offers various Shariah-compliant banking products.

Digital Services: Includes comprehensive solutions for modern banking needs via online platforms.

Key Features

Cash in/out, send/receive money, various bill payments for BM Wallet

Quick loan processing with minimum documentation for Express Loan

Compliance with Islamic regulations for Kenana services

Online application processes and instant service delivery

Recent Developments

Recent Developments in the Company

Banque Misr achieved a net profit of EGP 52.9 billion for the fiscal year ending December 31, 2023.

Total profits before taxes rose to EGP 80.9 billion.

Recognized with 90 awards and advanced positions by major international institutions in 2023.

New Products Launched

New mobile banking application for corporate customers

Enhanced services for BM Online

New Features Additions

No information is available.

Partnerships

Strategic partnership with Amazon Payment Services and EGYPTAIR to improve online payment services

Joint financing of EGP 4.14 billion with CIB to SODIC New Zayed Project

Conclusion

Banque Misr continues to focus on expanding its digital banking services, enhancing customer experience through strategic partnerships, and maintaining its leadership in financial inclusion and corporate banking sectors. Through consistent innovation and adaptation to modern banking trends, the bank reinforces its commitment to achieve sustainable development and support the Egyptian economy.