Banque Misr was established in 1920 by the pioneer economist Mohamed Talaat Harb Pasha, who came up with the concept of investing national savings and directing them toward economic and social development. Thus, Banque Misr became the first bank to be wholly owned by Egyptians.
Since 1920, Banque Misr has been concerned with the establishment of companies in various fields, including spinning and weaving, insurance, transportation, aviation and cinema, and has continued to support all these activities. Banque Misr currently owns equity in 168 projects, including financial, industrial, tourism, housing, agriculture and food, general service, and communication and information projects.
The bank’s 17,000 employees serve a large client base of more than 10 million in Egypt through a network of more than 620 electronically connected branches. It has total paid-up capital amounting to EGP 15 billion (US$902.5 million).
Banque Misr partnered up with the IFC, part of the World Bank Group, to provide banking solutions that are specifically tailored for women. This is a one-of-its-kind initiative in Egypt. The bank’s main goal is to help those operating informally to operate in the formal economy and grow microenterprises into larger and more profitable businesses.
of women in Egypt over age 18 were part of the workforce as of 2018, according to the World Bank.
of women in the country have a bank account, according to the latest data on Egypt from Findex.
of women have borrowed money from a financial institution, Findex found.
of women have a savings account at a formal financial institution, according to Findex.