Presentation of Banque Misr Paris
 History of Banque Misr Paris

 Banque Misr Paris in figures

History of Banque Misr Paris

Jean Olivier BARTHOLIN, the joint General Manager, welcome you to the site of Banque Misr Paris.

Since it was founded in 1920 by Tala'at Harb, Banque Misr has played an important role in the economic revival of a country that has become a model for the region.

With the agreement of the main financial institutions, the decision to open the Paris branch was taken in 1984. A first branch was opened in 1922 in rue Danielle Casanova (formerly called rue des Petits Champs).

Like the executive team, the branch is staffed by Egyptian and French experts. They fully represent Banque Misr Cairo and its determination to develop trade and investments, especially between Egypt and France.

Banque Misr Paris in figures

Foreign Bank Branch in Paris
Head Office: 9 rue Auber - 75009 PARIS
328 961 826 R.C.S. PARIS
Accounting Period: 1 January to 31 December

FINANCIAL STATEMENTS AS ON 31 DECEMBER 2007
(in millions of euros)

ASSETS     2007         2006    
Cash, central banks, C.C.P. 17 566  16 877 
Loans to credit establishments 972 658  890 478 
Clients transactions 56 151  38 935 
Shares and other variable yield stocks -  - 
Tangible assets 757  627 
Other assets 458  448 
Equalisation Accounts 381  426 
TOTAL ASSETS 1 047 971  947 751 

LIABILITIES     2007         2006    
Debts owed to credit establishments 52 277  83 809 
Clients transactions 930 577  807 436 
Other liabilities 180  198 
Equalisation Accounts 1 447  1 228 
Risk and charges provisions 14 829  12 981 
Subordinate debts 27 375  29 534 
Equity capital (off FRBG) 21 286  12565 
Subscribed capital 20 902  12 196 
Regulated and subscribed investments provisions 20  22 
YEAR RESULT 364  347 
TOTAL LIABILITIES 1 047 971  947 751 

OFF BALANCE SHEET. Given liabilities. Financing Liabilities, 2001: 2 916, 2000: 1 948, Surety bonds, 2001: 110 705, 2000: 102 954.
PROFIT AND LOSS ACCOUNT     2007         2006    
Interests and assimilated products 50 775  39 660 
Interests and assimilated charges 45 360  35 469 
Commissions (products) 1 814  1 662 
Commissions (charges) 18  14 
Profits and losses on negociation portfolio operations 386  1 139 
Profits and losses on investments and Profit and losses on investment and assimilated operations -  - 
Other banking products 223  416 
Other banking charges 132  61 
NET BANKING PRODUCT 7 688  7 333 
General operating charges 5147  4 969 
Appropriations to accumulated depreciation and to tangible and intangible assets 130  155 
NET OPERATING INCOME 2 411  2 209 
Risk cost - 1 819  - 1626 
OPERATING INCOME 592   
PRE-TAX INCOME 592  583 
EXTRAORDINARY ITEM -5  -1 
Tax on profits 223  235 
Appropriations carried forward on FRBG and provisions required by law -  - 
NET INCOME 364  347 


ANNEX TO THE BALANCE SHEET AND TO THE PROFIT AND LOSS ACCOUNT

The 2007 financial statements are established in compliance with the provisions laid down in law No. 91-01 of the Banking Regulation Committee. The accounting principles and methods used have remained unchanged. The total balance before distribution at 31/12/2007 stands at 1 047 971 euros. The year's Financial Statement shows a net profit of 364 euros. 2001 showed a profit of 1 248 453 euros.

AUDITORS' REPORT

We have examined the attached Financial Statements of Banque Misr Paris for the year ending 31 December 2001 established in euros.
The annual accounts were done by the general management. It is our responsibility, as part of our auditing, to give our opinion on the accounts. Our audit was carried out in compliance with the prevailing professional standards in France. These standards require the necessary diligence to ensure that the financial statements are exempt of any significant anomalies.
An audit consists in examining the accounting records using the auditing tests and procedures deemed necessary. It also consists in evaluating the accounting policies to be followed up, the significant estimates retained to publish the accounts and their overall presentation. We believe that our controls provide a reasonable base to the opinion expressed below.
We certify that the annual statements have been carried out in compliance with the accounting principles that prevail in France.
They give a true and fair view of the results of the operations and
of the financial position and assets on 31 December 2001.
Paris, 3 April 2008. The Auditors are members of the Compagnie Regionale de Paris, Coopers & Lybrand Audit, members of PriceWaterHouseCoopers, Hubert Chanoine, Georges Gregoire et Associés, Philippe Denavarre.


Misr Paris Charter
Our expertise and our knowledge of the Egyptian and French economy make us the principal actor for your operations.
  We can advise you and bring you practical assistance in any egyptian economical sector.
  We are interested in any commercial project between Egypt, France or Europ.
  Confidentiality, professionalism and loyality are the key words when dealing with our clients.
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