2018 / 2019
Redefinition of our strategy:
- Trade Finance & documentary business
- Financing of sustainability investments
Capital increase in 2 tranches
Redefinition of our strategy:
Capital increase in 2 tranches
The shareholders on Misr Bank – Europe GmbH outline their support to the activities in Germany and to the business policy by announcing and agreeing upon a capital increase from EUR 30 to 60 Mio.
Misr Bank – Europe GmbH celebrates its 25th business anniversary and moves into new modern offices in the middle of the financial district in Frankfurt.
Banque Misr acquires the stake held by National Societe Generale Bank and from then on holds 75% of the capital and nominates the chairperson of the supervisory board.
Bank of Alexandria sells its shares in Misr Bank Europe to National Investment Bank.
In the course of the restructuring of the Egyptian Banking System and the privatization of former state owned banks National Societe Generale Bank (Egyptian subsidiary of Societe Generale France) acquires and merges with Misr International Bank. Banque Misr acquires the Banque du Caire and Intesa Sanpaolo Group takes over Bank of Alexandria.
In a capital increase from EUR 13 Mio (formerly DM 25 Mio) to EUR 30 Mio, National Bank of Egypt, Banque du Caire and Bank of Alexandria become shareholders in Misr Bank Europe, each holding 10%.
Misr Bank – Europe starts its business activities in Frankfurt/Main. The shareholders are Banque Misr with 70% and MIBank with 30%.