and financial services founded 13 april 1920 ; 96 years ago 1920 04 13 founder talaat pasha harb headquarters cairo egypt number of locations 495 services financing operating income egp 3.383 billion 2013 egp 2.426 billion 2012 1 net income egp 1.161 billion 2013 egp 709 million 2012 total assets egp 218.2 billion 2013 egp 187.8 billion 2012 website www.banquemisr.com for egypt s central bank please see central bank of egypt banque misr arabic translated the bank of egypt is an egyptian bank founded by industrialist talaat pasha harb in 1920 . the government of the united arab republic nationalized the bank in 1960 . the bank has branch offices in all of egypt s governorates and currency exchange and work permit offices for foreign workers in egypt . history edit talaat pasha harb founded banque misr in 1920 . 2 he had published books in 1907 and 1911 calling for the founding of a national bank with egyptian financing . the national bank of egypt was british owned and all the other banks in egypt were owned by foreigners . harb modeled bank misr s operations on those of deutsche orientbank with which he was familiar due to his friendship with the owner of a sephardi jewish bank banque suar s. harb established banque misr and its companies on the basis of certain concepts all its dealings were in arabic egyptians operated the bank and the bank restricted share ownership to egyptian citizens . misr s board of directors included a number of sephardic jews and a coptic christian . in 1926 bank misr established its first foreign subsidiary banque misr la france to serve egyptian tourists to france . four years later bank misr with banque essadine in lebanon to form the joint venture banque misr syrie liban . this bank then absorbed banque ezzeddine & adib izz al din in tripoli . banque misr failed in 1939 but was reorganized . talaat harb and medhat yakan at the opening of a new branch of banque misr in 1935 . in 1960 gamal nasser nationalised all banks in egypt foreign and domestic including the four largest domestic banks national bank of egypt banque misr bank of alexandria and banque du caire . the next year syria nationalized all banks operating in the country including banque misr s operations there . 1963 in libya banque misr created nahda arabian bank to hold its branches there . 1971 banque misr absorbed banque de port said . banque de port said had been created in 1960 to hold the egyptian operations of several foreign bank including ionian bank ottoman bank banque belge et internationale en egypte and bank of tokyo . 1975 liberalization of foreign entry led several egyptian banks to establish joint venture banks with foreign banks . 1976 banque misr established misr international bank mibank with banque misr owning 44 % first chicago 20 % europartners 10.5 % ubaf bank 8.5 % banco di roma 7.375 % and mitsui bank 2.625 % . misr established misr american international bank maib with bank of america . misr established misr exterior bank in a joint venture with banco exterior de espana . 1977 bank misr established misr romanian bank together with a number of romanian banks . misr initially owned 51 % with banca romana de comert exterior owning 19 % and other romanian banks such as banca agricola and banca comerciala romana owning the rest . 1988 banque de caire took a 17 % in mibank and misr took over first chicago s 20 % stake . 1995 banque misr joined with bank of alexandria national bank of egypt banque du caire and kato aromatics to found cairo international bank in uganda . 1996 mibank sold 10 % of its shares to the egyptian public in an initial public offering . the remaining shareholders were misr with some 55 % banca di roma international 10 % british arab commercial bank 8.5 % commerzbank and banco central hispano americano jointly 7.875 % and sakura bank 2.625 % . 2004 banque misr merged in misr exterior bank . 2005 national soci t g n rale bank nsgb a joint venture between national bank of egypt and france s soci t g n rale acquired a majority stake in misr international bank mibank making nsgb egypt s biggest private sector bank . arab african international bank aaib acquired misr america international bank maib . lebanon s blom bank increased its stake in romanian egyptian joint venture misr romania bank to 97 % by purchasing an 84 % stake . references edit ar youm7.com 3.383 earl l. sullivan 1 january 1986 . women in egyptian public life . syracuse university press . p. 171 . isbn 978 0 8156 2354 0 . retrieved 6 october 2014 . external links edit banque misr retrieved from https en.wikipedia.org w index.php title banque misr & oldid 719481244 categories 1920 establishments in egyptbanks established in 1920banks of egyptegyptian brandshidden categories articles containing arabic language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages fran aisitaliano edit links this page was last modified on 9 may 2016 at 23 27 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view