Banque Misr's standalone financial statements for the fiscal period ending June 30, 2024, reveal significant growth across all business sectors. Total assets reached EGP 3,295 billion as of June 2024, compared to EGP 2,551 billion in December 2023, reflecting a 29.1% growth rate.

Net customer loans increased by 21.9%, reaching EGP 1,111 billion compared to EGP 912 billion in December 2023. Customer deposits also experienced strong growth, rising by 21.8% to EGP 2,284 billion, up from EGP 1,875 billion in December 2023.

Banque Misr stands as one of the most prominent national banks in financing large-scale projects across various sectors. As of June 2024, the bank’s corporate credit and syndicated loans portfolio (both direct and indirect) recorded a 28.6% growth rate compared to December 2023 balances. Additionally, the Islamic banking portfolio for corporate credit and syndicated loans achieved a remarkable 50% growth rate during the same period.

By the end of 2024, Banque Misr successfully arranged, financed, and participated in 29 major financing transactions (conventional and Islamic), with a total value of approximately EGP 211.8 billion. Banque Misr’s share in these transactions amounted to around EGP 69 billion. These financing activities spanned various sectors, including real estate investment, telecommunications, electricity, petrochemicals, food, textiles, automotive, construction, and tourism.

In line with its intensive marketing strategies to attract new clients and financing opportunities, as well as its commitment to achieving strategic and developmental objectives to support the national economy across various sectors, Banque Misr is working on completing several targeted financing transactions, currently under review. These transactions span sectors such as real estate investment, telecommunications, construction, tourism, and food, among others.

Additionally, the bank continues to focus on Sharia-compliant financing and is working on completing Islamic financing transactions in sectors such as real estate investment, construction, and petrochemicals. This reaffirms Banque Misr’s position as one of the leading national banks in the Egyptian banking sector.

In trade finance operations, the bank recorded a 44% increase in the value of import financing as of November 2024, compared to the same period in the previous year. Export financing also saw substantial growth, rising by 38%. Furthermore, the bank achieved a remarkable 59% growth in the financing of letters of guarantee during the same period.

In the retail banking sector, Banque Misr has issued approximately 16.7 million cards, most of which operate on the advanced Smart Chip system. This milestone positions the bank as the second-largest issuer of electronic payment cards among Egyptian banks.

The bank has contracted with over 407,000 merchants nationwide, deploying 690,000 Point of Sale (POS) terminals across all governorates. By the end of November 2024, the total transaction volume conducted through the bank’s merchant network, including POS terminals and e-commerce platforms, exceeded EGP 280 billion.

Banque Misr ensures that all merchant locations are equipped with the latest POS devices that comply with international standards, specifically PCI DSS (version 3.2.1), meeting the requirements of global payment organizations.

In terms of electronic products, Banque Misr has introduced various payroll automation solutions tailored for public and private sector companies. These solutions include a wide range of payroll transfer products, such as payroll cards and payroll accounts.

The bank has contracted with 5,367 private sector companies, issuing 1.5 million payroll cards and managing over 417,000 payroll accounts. In addition to these services, the bank also provides electronic payment solutions for taxes and customs.

It is worth noting that Banque Misr has maintained its leading position for the 19th consecutive year since the Ministry of Finance launched the payroll automation system in 2005. Among participating banks, Banque Misr holds a market share of 48%, with 2.35 million payroll cards issued to 1,136 government entities contracted with the bank.

As of the end of November 2024, the total value of payroll transfers for both public and private sectors exceeded EGP 213.8 billion, processed through the bank.

The bank has also introduced a comprehensive range of digital products and services, including, but not limited to, BM Online for individual internet and mobile banking and BM Online Business, an internet banking platform for corporate clients. BM Online Business empowers businesses to conduct a variety of banking transactions such as instant transfer services (IPN), government payment settlements, and bulk payments and transfers.

Banque Misr also launched a new mobile banking app for corporate clients, offering a simple, fast, and secure banking experience. The app provides an extensive range of banking services and allows corporate customers to manage and track their bank accounts efficiently, perform instant transfers between Banque Misr accounts, local bank accounts, cards, and e-wallets, and review transaction details and balances.

Under the Express umbrella, the bank has introduced several digital products tailored to meet the needs of small and micro-business owners effectively and in record time. This includes services such as Express Online Account Opening for Businesses, enabling clients to open accounts easily and with minimal documentation.

The bank has significantly expanded the issuance of its electronic wallet, BM Wallet, with the number of wallets reaching approximately 1.8 million by the end of November 2024. This growth highlights increasing customer reliance on the wallet for performing cash transfers and settling various bill payments.

In the real estate financing sector, Banque Misr secured the top position among banks for the second consecutive year in 2024, with loan disbursements exceeding EGP 3 billion during the year. The bank's total real estate financing portfolio grew to more than EGP 21 billion, serving approximately 145,000 clients. This positions Banque Misr as one of the largest providers of real estate financing in the market, among both banks and mortgage finance companies.

As a leader in this sector, Banque Misr offers a wide range of real estate financing products, whether through the Central Bank of Egypt's initiatives or independently. These products are tailored to cater to all customer segments, both within Egypt and abroad, ensuring access to suitable housing solutions through the bank’s extensive branch network.

It is worth noting that the retail banking portfolio (direct and indirect) grew by 7.6% as of June 2024 compared to the balances recorded in December 2023.

In the area of Islamic retail banking, Banque Misr offers a full range of modern banking services, including the issuance of all types of cards and a variety of Murabaha products, among others, to meet the needs of customers at its Islamic banking branches (Kenana).

Banque Misr provides financing for small, medium, and micro-enterprises across its branches nationwide, covering various sectors, including industrial, agricultural, and service activities.

As of June 2024, the total small, medium, and micro-enterprise portfolio (direct and indirect) reached approximately EGP 53.5 billion, including an Islamic banking portfolio of around EGP 6.4 billion. Women account for approximately 24% of the total customer base within the portfolio.

Banque Misr remains dedicated to meeting the diverse needs of all societal segments, driving development by combating unemployment and contributing to community growth.

To this end, Banque Misr partnered with the Ministry of Local Development to launch the "Mashrouak" (Your Project) program, aimed at financing micro and small enterprises through one-stop service windows at local administrative units nationwide. As of November 2024, the program has financed 156,285 projects, with total loans amounting to EGP 20.2 billion.

As part of its efforts to support small businesses, Banque Misr introduced the Express Small Projects Loan. Since its launch in September 2020, the product has served 30,617 customers, with total financing amounting to EGP 24.9 billion as of November 2024.

Additionally, Banque Misr launched the Instant Loan for micro-enterprises, enabling customers to access financing by the next business day after submitting their application. This initiative has contributed to the growth of the micro-enterprise portfolio, which reached EGP 5 billion by November 2024.

Banque Misr has supported entrepreneurial projects by establishing Business Development Service Centers, providing non-financial and advisory services to entrepreneurs. These centers help entrepreneurs qualify for appropriate financing opportunities, enhance their business skills, and foster an entrepreneurial mindset. Currently, 17 centers are distributed across various Egyptian governorates, offering a wide range of services to support entrepreneurs, including developing new business ideas, registration and licensing, feasibility studies, connecting with suppliers and target markets, awareness and advisory services, capacity building, training, and more.

From 2019 to 2024, the centers have delivered a total of 135,355 non-financial services to 60,800 beneficiaries. Notably, female entrepreneurs represent 50% of the centers’ client base, with 29,860 women receiving 30,090 non-financial services.

On the digital transformation front, Banque Misr adopts a comprehensive strategy within the Egyptian banking sector, aiming to localize advanced technological services. This approach simplifies, accelerates, and streamlines banking operations while delivering innovative digital products and services that improve customer experience and attract new client segments. The bank remains committed to keeping pace with technological advancements and leveraging the latest innovations to provide its customers with cutting-edge digital banking solutions.

As part of its commitment to financial inclusion, Banque Misr strives to provide financial services to all segments of society through geographic expansion. The bank continues to extend its reach across Egypt to be closer to its customers wherever they are. By the end of November 2024, Banque Misr’s branch network exceeded 860 branches and banking units, making it the largest branch network across the country.

In addition to its extensive domestic presence, Banque Misr has a strong regional and international footprint. This includes six branches in the United Arab Emirates and France, as well as subsidiaries in Lebanon and Germany. The bank also operates representative offices in China (Guangzhou), Russia (Moscow), South Korea (Seoul), Italy (Milan), and Kenya (Nairobi).

Banque Misr is also a pioneer in Islamic banking, being the first public sector bank to establish dedicated Islamic banking branches under the "Kenana" brand. As of November 2024, the bank operates 58 Islamic banking branches across Egypt.

Furthermore, the bank boasts a modern network of approximately 6,000 ATMs as of November 2024. These machines are equipped with the latest technologies and offer a wide range of services. During this period, the total amount withdrawn through the ATM network exceeded EGP 750 billion, while total deposits reached nearly EGP 300 billion.

Looking ahead, Banque Misr aims to expand its presence in both Africa and the Middle East by establishing various types of subsidiary units to enhance its international footprint.

In Africa, the bank is currently undertaking the necessary procedures to establish a subsidiary in Djibouti (Djibouti City) and a branch in Somalia (Mogadishu). In the Middle East, the bank is progressing with the steps required to establish and operate a branch in the Kingdom of Saudi Arabia (Riyadh).

This expansion is complemented by an extensive network of correspondent banks covering countries across the globe.

Banque Misr is dedicated to supporting its customers with special needs and facilitating their experiences through "Al-Momken" Program, which offers a comprehensive range of services and products tailored to meet their requirements. The bank has installed approximately 200 ATMs designed to accommodate customers with mobility impairments, such as wheelchair users, and 1,527 ATMs equipped for customers with visual impairments. Specialized customer service and reception teams in 539 branches nationwide have been trained in sign language to assist hearing-impaired customers. This is part of the program’s first phase, with plans to extend this initiative to all branches.

In addition, Banque Misr has equipped 248 branches across Egypt with ramps or electric wheelchairs to ensure a comfortable and accessible banking experience for customers with special needs. Further upgrades are underway to expand these facilities to more branches.

Banque Misr actively participates in national initiatives aimed at financial inclusion and economic empowerment, such as the Haya Karima Initiative, the National Project for the Development of the Egyptian Family, and the Bidaya Initiative for Human Development. Additionally, the bank plays a key role in financial inclusion events under the auspices of the Central Bank of Egypt, ensuring the highest integration rates of individuals and businesses from the informal sector into the formal financial system. These efforts cover all governorates, administrative centers, and 3,115 villages and hamlets across the country.

The bank’s financial inclusion strategy is built on two main pillars. The first pillar, financial training and awareness, has delivered 5,000 training sessions and seminars, reaching over 700,000 beneficiaries from various target groups. The second pillar involves the provision of tailored financial products and services, designed to meet the specific needs of each customer segment. By leveraging its advanced digital solutions, the bank ensures ease of access for its target groups at competitive prices.

Through these efforts, Banque Misr has issued 890,000 prepaid cards, opened 868,000 accounts, activated 164,000 electronic wallets, and provided 20,000 microloans. The total business volume generated by these products has reached approximately EGP 50 billion.

It is worth noting that Banque Misr is one of the leading banks in the field of corporate social responsibility (CSR) and is among the most committed institutions to environmental, social, and governance (ESG) principles. These responsibilities are fully integrated into the bank’s performance metrics and long-term sustainability goals.

Banque Misr is the first state-owned Egyptian bank to receive approval from the Global Reporting Initiative (GRI) to report its activities in alignment with sustainability principles. These principles include governance, human rights, anti-corruption, community engagement, and environmental safety standards. The bank also adheres to the United Nations Global Compact standards for corporate citizenship and social responsibility.

Additionally, Banque Misr has joined the United Nations Environment Programme Finance Initiative (UNEP FI) to adopt the "Principles for Responsible Banking", which aim to achieve sustainable development and promote social and environmental responsibility.

In 2024, Banque Misr allocated over EGP 1.2 billion to support various community development initiatives.

Banque Misr received over 80 awards and top rankings in 2024 from major global institutions, recognizing its achievements and efforts across various business sectors. These accolades serve as a testament to the trust and loyalty of its customers, who remain the central focus and true partners in its success.