Egypt’s second largest state-run bank, Banque Misr has topped Bloomberg’s Africa list for 2015 as the best bank marketing syndicated loans and financing projects in the continent.
The Egyptian bank was also ranked fourth in the list of best banks in running and arranging syndicated loans in Africa, leading the other Egyptian banks in the list.
The bank’s ranking on Bloomberg’s list as the best bank in marketing syndicated loans and financing projects in Africa is considered a first for an Egyptian bank in over four years, after European banks, Standard Chartered and Standard Chartered of South Africa in particular, have dominated the top positions for years.
On the MENA level, Banque Misr ranked third on the list of best banks marketing syndicated loans and financing projects in the region.
Banque Misr was able to keep its leading position among the 20 best banks in marketing joint loans in the Middle East and North Africa for six consecutive years.
In 2015, Banque Misr has completed large financing deals worth a total of 41.2 billion Egyptian pounds (US$5.26 billion), including a number of mega projects in electricity, cement, real estate, and oil.
The total value of the Egyptian bank’s financing coverage amounted to 12.4 billion pounds (US$ 1.6 billion).
