In a significant move that underscores Banque Misr's leadership and strong standing in the Egyptian banking sector, the bank has entered into a strategic cooperation agreement with Moody’s
Through its Private Sector Engagement Unit, the ministry will play a central role in connecting small and medium-sized enterprises (SMEs) applying via the “Hafiz” platform with member banks of the Federation of Egyptian Banks, ensuring these businesses gain access to crucial financial and technical support.
As the anchor investor at the time of the fund’s launch in 2022, Banque Misr played a key role in establishing Nclude to fuel the growth of early-stage fintech startups
For the third consecutive year, National Bank of Egypt (NBE) retains its position as the most valuable Egyptian brand. Its brand value has increased by 9%, reaching $717 million.
The central bank’s move was influenced by a sharp deceleration in urban inflation, which dropped from 24% in January to 12.8% in February, before slightly increasing to 13.6% in March.
