Banque Misr is looking to expand its offerings in Somalia, Djibouti and Kenya as part of the bank’s expansion into East Africa, Deputy Chairman Akef El Maghraby told Al Shorouk.
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The bank is also looking to expand in Côte d’Ivoire. Banque Misr currently has a rep office in Nairobi, while Banque Misr Liban has a representative office in Côte d’Ivoire’s Abidjan. The bank also plans to set up shop in Riyadh, said El Maghraby, without specifying a timeline.
