Banque Misr has signed two cooperation protocols with Amer Holding Group and Qasatli Homes for Real Estate Investments. The aim of these protocols is to enhance the bank's ability to provide tailored services in payment, electronic collection, and real estate finance. Banque Misr's goal is to become a leading banking institution that caters to the needs of citizens, and these partnerships will help achieve that.

The two protocols was signed, on Tuesday, November 21, 2023,  In the presence of Mr. Mohamed El Etreby, Chairman of the Board of Directors of Banque Misr Mr. Akef El Maghrapy, Vice President of the Board of Directors of Banque Misr, Mr. Omar Mansour Amer - Vice President of Amer Group and Mr. Eng. Mohammed Al-Saeed Salim, CEO of Tropy 2, a subsidiary of Amer Group Holding, Mr. Mohammed Yusuf, CEO and Managing Director of Qasatli Homes, along with number of distinguished officials from Banque Misr, Amer Group and Qsatli.

Banque Misr cooperated with Tropy 2 Tourism Development Company, which is a subsidiary of Amer Group, to install POS machines at the company's headquarters. The purpose of this collaboration was to enable electronic connectivity with the collection system's platform in exchange for the electricity distribution activity of the group's units. Additionally, the company agreed to bear the administrative expenses of the services provided at the Customer Service Center.

Banque Misr plays a leading role in the electronic payments industry. The bank has a history of offering e-collection services through QR codes and is committed to supporting digital transformation by providing electronic solutions to make banking and financial services more accessible and convenient for customers. Banque Misr aims to broaden its digital services offerings through various electronic channels, which is in line with the government's goal of promoting financial inclusion, encouraging electronic payments and collections, and moving towards a cashless society.

As part of its cooperation with Qasatli, the Bank offers payment and electronic collection services by providing POS machines to the company's headquarters. The Bank also provides real estate finance services through various finance programs, including those launched by the Central Bank of Egypt. The aim of these programs is to stimulate the real estate market by offering financing facilities. Under this protocol, the Bank will provide accessible real estate financing to customers of the Company through two systems.

The first system includes mortgage financing with a repayment period of up to 30 years at a minimum 15% reservation provider within the Central Bank's Middle Income initiative. The second system offers various repayment periods for units not covered by the Central Bank initiative, up to 15 years. The Bank is committed to the real estate finance sector and is aligned with the State's directions in this regard, with a focus on providing housing to those who need it.

Banque Misr is committed to continuously improving its services and taking part in various initiatives and protocols to cater to the needs of its customers. The Bank actively participates in services and collaborates with initiatives and protocols to provide services that meet the requirements of all customer segments. The Bank's business values and strategies always reflect its unwavering commitment to sustainable development and prosperity for Egypt.