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 2009
(in thousand of euros)

ASSETS       2009             2008      
Cash, central banks, C.C.P. 19 331  21 632 
Loans to credit establishments 1 095 914  1 112 604 
Clients transactions 47 471  67 864 
Shares and other variable yield stocks 47 883  31 413 
Tangible assets 669  779 
Other assets 751  469 
Equalisation Accounts 139  166 
TOTAL ASSETS 1 212 158  1 234 927 

LIABILITIES       2009             2008      
Debts owed to credit establishments 30 261  36 574 
Clients transactions 1 031 748  1 064 066 
Other liabilities 196  197 
Equalisation Accounts 4 358  2 508 
Risk and charges provisions 18 219  17 206 
Subordinate debts 98 343  88 445 
Equity capital (off FRBG) 29 032  25 930 
Subscribed capital 25 287  25 287 
Regulated and subscribed investments provisions 20  21 
YEAR RESULT 3 725  623 
TOTAL LIABILITIES 1 212 158  1 234 927 

OFF BALANCE SHEET. Given liabilities. Financing Liabilities, 2008: 7 622, 2009: 6 325, Surety bonds, 2008: 180 721, 2009: 184 433.
PROFIT AND LOSS ACCOUNT     2009         2008    
Interests and assimilated products 22 412  41 994 
Interests and assimilated charges 11 513  33 693 
Commissions (products) 1 803  2 147 
Commissions (charges) 7  12 
Profits and losses on negociation portfolio operations 147  933 
Profits and losses on investments and Profit and losses on investment and assimilated operations -  - 
Other banking products 166  116 
Other banking charges 81  72 
NET BANKING PRODUCT 12 927  11 413 
General operating charges 6 134  5 817 
Appropriations to accumulated depreciation and to tangible and intangible assets 167  211 
NET OPERATING INCOME 6 626  5 385 
Risk cost -1 005  -4 358 
OPERATING INCOME 5 621  1 027 
PRE-TAX INCOME 5 621  1 027 
EXTRAORDINARY ITEM -18  -4 
Tax on profits 1 878  400 
Appropriations carried forward on FRBG and provisions required by law -  - 
NET INCOME 3 725  623 


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

The 2009 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 31/12/2009 stands at 1 212 157 692 euros.

AUDITORS' REPORT

We have examined the attached Financial Statements of Banque Misr Paris for the year ending 31 December 2009 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 2010.
Paris, 31 May 2010. The Auditors are members of the Compagnie Regionale de Paris, Coopers & Lybrand Audit, members of PriceWaterHouseCoopers, Patrice Morot, Moore Stephens Sye/Florence Houdot.


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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