1-Banque Misr’s Contribution to the loan of Suez Cement Co. in support of the Egyptian Industry

To activate the Bank’s leading role in boosting the national economy, Banque Misr has contributed to the syndicated loan to Suez Cement Co. which totaled L.E.1200 million. Mr. Mohamed Ozalb, Vice Chairman, signed the loan protocol.

Suez Cement Co. is a leading company in the cement industry in Egypt. The total amount of the loan, L.E.1200 million, is divided into two segments: first segment is L.E. 900 million as a middle- term loan for four years and the second segment is L.E. is 300 million as a revolving facility for four years. The Bank’s share in the loan is L.E. 240 million – 20% of the total amount of the loan.

The Commercial International Bank (CIB) acts as loan agent and coverage guarantor ; and Bank of Alexandria, Credit Agricole, Arab African Bank, Cairo Barclays Bank, PNB Paribas, National  Societe Generale Bank, HSBC -all act as loan guarantors.

2-Contribution to Egypt Telecom loan

On 30th October 2006, Banque Misr signed a contribution contract in the syndicated loan of Egypt Telecom, a prominent company in the communications sector, which totaled L.E. 4.525 billion (4 billion five hundred and twenty five million Egyptian Pounds) with a view to increasing Telecom Egypt's shares in Vodafone Egypt to reach 49.2%.
National Bank of Egypt and Citibank act as loan agents.

3-Banque Misr boosts Egyptian Tourism

Banque Misr contributed in a loan totaled L.E.140 million granted to the Arab International Co. for Hotels and Tourism, including a segment of $ 3 million.

Banque Misr acts as a financier, and guarantee and document agent with Societe Arabe Internationale De Banque in its capacity as a financier, general coordinator and finance agent in addition to Arab International Bank (AIB) and Port Said Banking Corporation as partners in the loan.

Banque Misr’s share in this loan is L.E. fifty two million and nine hundred thousand equaling the loan agent; the Arab International Bank (AIB)’s share is $ three million (equivalent to about L.E.17.2 million); and Port Said Banking Corporation‘s share is also L.E. 17 million.

Mr. Mohamed Ozalb, Vice Chairman, signed the loan protocol on behalf of Banque Misr. He explained the loan data, purpose and importance in boosting Egyptian Tourism.

Worth noting the Arab International Co. for Hotels and Tourism was founded in 1997 with a capital of $110 million. Banque Misr is a prominent shareholder as it owns 8.36% of the company’s capital. Also the Company owns several successful tourism projects such as Ramsis Hilton Hotel and Mall Annex, Sonesta Port Said Hotel and Mall Annex, and Hilton Waterfalls Hotel – one of the most fabulous resorts in Sharm El-Sheikh, generating net revenues estimated at $ 3.2 million this year with an increase of 11.5% compared to the previous year.

The Company has purchased all shares of Fortune Co. for Tourism Investments and is currently establishing a hotel with a capacity of approximately 400 rooms in Marsa Alam with an estimated cost of L.E. 140 million – the loan value. The Company shall receive  the loan at a three-year period, during which only loan interests are paid, until the hotel construction is completed ;then the hotel shall be leased and the loan value shall be fully paid.

4-SFD Loans

Within the framework of Banque Misr ‘s contribution in the support of  social and economic development and reduction of the high unemployment rates, resulting from the economic reform policy, Banque Misr finances the new and existing small enterprises  through its branches nationwide by virtue of the contracts signed between our bank and the SFD, amounting to 15 contracts with a total value of L.E. 475 million. The Bank used about 75% of the contracts' amount apart from recycling these lines in addition to loans granted through the Bank’s self-resources. Projects granted loans from the SFD totaled 9500, creating roughly 24 thousand job opportunities.