MISR BANK - EUROPE GMBH,
“Egypt’s bank in Europe”,
has been operating in Frankfurt since 1992.
The business always used to centre on dealing with European-Egyptian trade. Over the years, the focus was steadily widened and now covers European trade with the entire MENA region. MISR BANK - EUROPE GMBH is the only Egyptian bank in Germany.
MISR BANK - EUROPE GMBH has a full banking licence and is regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin = Federal Financial Supervisory Authority). Our institution is a member of the Bundesverband deutscher Bank e.V., Berlin (BdB = Association of German Banks). By virtue of the protection afforded by the BdB, customer deposits with the bank are thus covered over and above the minimum legal threshold.
Other key memberships include Verband der Auslandsbanken in Deutschland e.V. (Association of Foreign Banks in Germany), Frankfurt, Arbeitgeberverband des privaten Bankgewerbes e.V. (Association of Employers for the Private Banking Industry), Berlin, NUMOV Nah-und Mittelost-Verein e.V. (the Near and Middle East Association), Berlin, the Union of Arab Banks, Beirut, the Deutsch-Arabische Industrie- und Handelskammer (the German-Arab Chamber of Industry and Commerce, Cairo), and Ghorfa Arab-German Chamber of Commerce and Industry e.V., Berlin.
Main activity is the handling
of Middle European - Egyptian trade.
The shareholders of MISR BANK - EUROPE GMBH are four of Egypt’s largest banks:
|Banque Misr||74,75 %|
|National Bank of Egypt||10,25 %|
|Banque du Caire||10,00 %|
|National Investment Bank||5 %|
Banque Misr was founded in 1920 by Mohamed Tallat Harb Pasha, a pioneer of the Egyptian economy, who was the first to develop the concept of investing national savings deposits in economic and social projects to develop the country. From this emerged Banque Misr as the first bank to be wholly owned by Egyptians.
Banque Misr’s exceptional role becomes apparent in view of its geographic spread in all economic and business areas. With its 14,500 well trained and motivated employees, the bank caters for and supports more than 8 million clients in Egypt alone. The bank’s paid-up capital amounts to EGP 15 billion (EUR 703.1 million). Equity capital is currently EGP 23.3 billion (EUR 1.09 billion), which equates to a Basel II Tier 1 ratio of 12.59%.
In the year to June 30, 2016 total assets grew by 30% and amounted to EGP 430 billion (ca. EUR 20.15 billion).
In the year to June 30, 2016 after-tax profit increased by 31.7% and amounted to EGP 5.5 billion (ca. EUR 257.79 million).
The bank currently has a network of more than 600 electronically-linked branches in Egypt as well as 5 branches in the United Arab Emirates and one in France plus subsidiaries in Lebanon and Germany. In addition, Banque Misr has a network of over 300 correspondent banks in 43 countries, which facilitates a safe, convenient and quick execution of its clients’ cross-border transactions.