Page 13 - Issue 64

Vol.1 Issue 64 ÉLITE

Mr. Hamouda also announced the He explained that interest rates start at 2.7%
availability of the Meeza card, now offered for loans designated for small, medium, and
free of charge to all students, functioning as large enterprises, while the interest rates for
an electronic wallet. He assured that every individuals vary based on their income
product of the bank benefits both the bank levels. He also recommended taking
and the customer, countering the common advantage of the facilities offered by the
misconception that the bank is the sole bank to university professors, including
beneficiary in banking transactions. streamlined procedures for obtaining loans
and extending the retirement age to 65.
Additionally, the bank provides financing

for wedding expenses and car loans to all
segments of society, in support of the
principle of financial inclusion.

Mr. Hamada elaborated on the services
designed for various societal segments,
including savings accounts, current
accounts, the "Super Cash" account, the "Al
Mongez" account for freelancers, various
types of deposit certificates, and the
"Hewalty" account for foreign currency
transfers. Additionally, the bank offers
numerous financial services that align with
the imperative of financial inclusion and the
reduction of cash dependency in Egypt.
These services include the ability to obtain
the prepaid Meeza card, exempt from
issuance fees, as well as subscribing to the

BM Wallet, Banque Misr's electronic wallet,
and the Banque Misr Online platform.

Regarding the bank's profitability, Mr.
Hamada stated that it stems from
"providing service for service," referring to
loans granted to businesses and individuals.

July 2024, p.13