A helping hand
in processing European-Egyptian trading
Establishment of the National Bank of Egypt, Cairo, as a commercial bank for the economy and at the same time as central bank empowered to issue bank notes.
Establishment of Banque Misr, Cairo, as the first bank with exclusively Egyptian shareholders, by Mohamed Talaat Harb (1867 - 1941).
Establishment of Banque du Caire, Cairo.
Establishment of Bank of Alexandria, Cairo.
In the late 1950s and early 1960s nationalisation of all banks by the government of Gamal Abdel-Nasser (1918 - 1970). The newly-founded Central Bank of Egypt assumes responsibility for central bank functions that until then had been carried out by the National Bank of Egypt.
MIBank - Misr International Bank, El Mohandessine – Giza, is founded after the government of Anwar al-Sadat (1918 - 1981) admits private banks and foreign ownership. Shareholders are Banque Misr and US, Italian, English, German, Spanish and Japanese banks. Because of the continued privatisation drive by the government of Mohamed Hosni Mubarak (born 1928), Banque Misr reduces its shareholding in MIBank 1996 / 1997 in two stages to 25.955% by issuing global depository receipts and direct placement of shares on the stock exchange.
Misr Bank - Europe, Frankfurt, commences business operations. Shareholders are Banque Misr with 70 % and MIBank with 30%.
As part of a capital increase of DM 25 million / € 13 million to € 30 million, the National Bank of Egypt, Banque du Caire and Bank of Alexandria, each with a 10% holding become additional shareholders of Misr Bank – Europe.
2005 - 2007: As part of the restructuring of the Egyptian banking system and the privatisation of previously state-owned banks, National Société Générale Bank (Egyptian subsidiary of the French Société Générale) takes over Misr International Bank’s shares and the two banks merge. Acquisition of Banque du Caire shareholding by Banque Misr. The Italian Intesa Sanpaolo takes over Bank of Alexandria’s equity.
Bank of Alexandria sells its stake in Misr Bank - Europe to the National Investment Bank.
Banque Misr takes over National Société Générale Bank‘s shareholding in Misr Bank-Europe.
Misr Bank – Europe’s shareholders reiterate their commitment to the bank’s location and its business strategy by deciding to increase the share capital by € 30 million to a total of € 60 million.
Misr Bank – Europe, Frankfurt, celebrates its 25th anniversary and moves into new, modern premises in the heart of Frankfurt‘s financial district.
Execution of capital increase in two tranches of € 15 million each.