Banque Misr has seen a strong performance in its Shariah-compliant loan book and has been instrumental in several key Islamic finance transactions.
Islamic assets under management at the bank increased to E£53.56 billion ($3.2 billion), driven by growth across several financing segments.
Its Islamic loan portfolio for micro-, small and medium-sized enterprises has also grown substantially, up 22.5% on the previous year.
In a strategic move to increase its market share in the MSME segment, the bank has signed a cooperation protocol with Reefy, a leading provider in the space.
The bank has had a busy year, contributing E£2.4
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