Banque Misr signs a cooperation protocol with Qastly Real Estate Investment Company

Within the framework of Banque Misr’s keenness, as a leading banking institution, to provide services that suit the needs of citizens, Banque Misr signed a cooperation protocol in the fields of electronic payment and collection and real estate financing with Qastly Real Estate Investment Company.

The signing took place on Tuesday, November 21, 2023, in the presence of Mohamed El Etreby - Chairman of the Board of Directors of Banque Misr, and Akef El Maghraby - Vice Chairman of the Board of Directors of Banque Misr, and on the part of Qastali Homes Real Estate Investment Company, Mohamed Youssef - CEO and Managing Director of the company, and a distinguished group of Bank leaders. Egypt and leaders from Qastly Company.

Real estate financing programs

Through the cooperation protocol signed with Qastali Real Estate Investment Company, Banque Misr provided electronic payment and collection services by supplying POS machines to the company’s headquarters, in addition to providing real estate financing services as part of the various real estate financing programs offered by the bank, whether within the real estate financing initiative launched by the Central Bank. Al-Masry, or any of the real estate financing programs offered through it, which aims to provide financing facilities to stimulate the real estate market; Under this protocol, the bank will provide real estate financing with easy payment methods to the company’s customers through two systems: The first includes providing real estate financing with a repayment period of up to 30 years, with a minimum reservation deposit of 15% as part of the Central Bank’s initiative for middle-income people.

While the second system includes providing various payment terms for units not included in the Central Bank initiative, up to 15 years, and this comes out of the bank’s interest in the real estate financing sector, in line with the state’s directions in this regard and its interest in providing suitable housing for citizens of all social classes.

Meet customer requirements

Banque Misr always seeks to develop its services and participate in many initiatives and protocols that will meet customer requirements. The bank also works to enhance its success, participate effectively in services, and enter into initiatives and protocols that aim to provide services that suit the needs of all customer segments, as the bank’s work values and strategies Always reflect his commitment to the sustainable development and prosperity of Egypt.

Cooperation protocol

On the other hand, the President of the National Council for Women, Dr. Maya Morsi, signed a cooperation protocol with the Chairman of the Board of Directors of the Bank of Egypt, Mohamed Mahmoud Al-Atreby, with the aim of organizing cooperation between the two sides for the purpose of supporting and empowering women economically and giving them fair opportunities to play a productive role in Egyptian society.

Morsi explained - in a statement today, Wednesday - that these efforts will guarantee women an appropriate and stable income through which they can manage investments and savings with the aim of raising the standard of living and ensuring a decent life for their family members by increasing rates of economic empowerment and financial inclusion through various financial transactions in order to achieve the national strategy to empower Egyptian women 2030.

She added that this cooperation will take place at the level of several programs: the entrepreneurship program, the financial education and financial awareness program, the banking simulation model, and the national project for savings and loan groups.

For his part, Muhammad Al-Atribi praised the fruitful cooperation with the National Council for Women, stressing that the signing of this protocol comes within the framework of the bank’s social responsibility to achieve financial inclusion and empower women economically, and out of a desire to strengthen the state’s efforts to achieve the principle of empowerment through participation in programs that will serve members of society.