In continuation of the intensive marketing plans pursued by Banque Misr to implement its strategic and development objectives with the aim of supporting the national economy in various fields and sectors, Banque Misr recently signed a long-term loan contract for 8 years worth 990 million Egyptian pounds with Edita Food Industries Company, and the signing was done by Mr.
Mohamed El Etreby, Chairman of the Board of Directors of Banque Misr, with Mr. Eng. Hani Barzi – Chairman of the Board of Directors of Edita Food Industries, in the presence of a distinguished group of leaders from the bank and the company.
This loan aims to finance the company’s expansion plans to establish four new production lines to increase production, and to give clear priority to projects that achieve economic development goals, as Banque Misr works to permanently support national projects to enhance the Egyptian economy and achieve sustainable development.
Mr. Mohamed El-Etreby, Chairman of the Board of Directors of Banque Misr, confirmed that Banque Misr’s financing of new production lines is a continuation of its pioneering role in supporting the Egyptian economy, especially since Banque Misr is one of the largest leading national banks in financing all projects in various sectors, stressing that the bank’s granting of loans Banking for major projects, with appropriate conditions and guarantees, and a flexible financing structure in line with the nature of those projects, helps stimulate investment flow rates, as the food sector is among the most important sectors influencing the Egyptian economy, given the importance it represents towards the growth of exports, providing many job opportunities, and enhancing Competition in the local and global market, which reflects positively on the national economy.
In this context, Engineer Hani Barzi, Chairman of the Board of Directors of Edita Food Industries, expressed his pride in signing the financing agreement with Banque Misr as a strong testimony to Edita’s commitment to achieving growth as well as its leading position in the market. He explained that this financing will contribute to supporting Edita to meet the high levels of demand for its products, in addition to consolidating its position in the markets of the Middle East and North Africa region.
The Bank of Egypt believes in the necessity of concerted efforts in order to support the state’s plans to support the national economy and is keen to play its vital role in supporting all activities. The bank also seeks to provide banking and financial services in an easy and advanced manner, as the bank works to enhance the excellence of its services and maintain its long-term success and participation. Effectively provides services that meet the needs of its customers, as the bank’s work values and strategies always reflect its commitment to the sustainable development and prosperity of Egypt.
