Banque Misr covered its bad loans provisions gap in 2010, and is expected to record $100,000 in profit for the year, stated a report published by the public bank today according to Al Ahram Arabic portal.

The bank, rated 2nd in the Egyptian market, is planning to penetrate the Syrian market in 2011 in a $220 million joint venture with Banque Misr's obtaining a controlling share of 51%.