Latest in Tag: Banque Du Caire Highlight
Latest in Tag: Banque Du Caire
Banque du Caire achieves EGP 4.8bn profits before taxes in September 2022
Bank’s positive growth reflects success of its business plan: Tarek Fayed
Banque du Caire establishes Cairo Exchange with authorized capital of EGP 250m
It comes within bank’s role to provide diversified financial services, increase foreign exchange resources: Fayed
Banque du Caire joins shareholding of Western Union’s first agent in Egypt – IBAG
This brings total share of National Bank of Egypt, Banque Misr, and Banque du Caire to 40% in IBAG
Banque du Caire postpones listing of its shares on Egyptian Exchange
The sources told Daily News Egypt that Banque du Caire had completed some procedures for the restructuring process before the offering, including the acquisition of its entire shares by Banque Misr in a deal worth EGP 7bn in cooperation with the offering manager — EFG Hermes.
Egypt’s Chemical Industries Export Council, Banque du Caire launch ‘Ebdaa’ training programme
Mohamed Mageed, CEO of the Chemical Industries Export Council, said that the chemical industries are one of the largest industries, whether in emerging or developed countries. The industries contribute to more than 70,000 types of different products and thus create many opportunities for companies working in this field to develop and expand.
Banque Misr, NBE, Banque du Caire agree to launch $85m MEA-focused ‘Nclude” fund for fintech
Participating investment entities also include e-finance, Egyptian Banks Company, and Global Ventures
EFG Hermes expects Banque du Caire to be listed on EGX in 2022
Saudi, Emirati sovereign funds are interested in health, pharmaceutical sectors in Egypt, says Mostafa Gad
NBE, Banque Misr, Banque du Caire launch EGP 1bn fund to support fintech, innovation
Step comes in line with Egypt’s plan to transform into regional centre for Arab, African financial technology
Banque du Caire reports EGP 1bn in net profit in Q1 2021
Bank continues positive business results supported by ambitious plans, strategies it was keen to implement for over 3 years, says Tarek Fayed
Afreximbank equips Banque du Caire with $200m intra-African finance
Facility is designed to finance Banque du Caire’s expansion across Africa
Egypt’s SMEs Development Agency, Banque du Caire sign EGP 500m microfinance agreement
Contract allows for limit of loans provided to micro-projects to be raised to EGP 500,000 each
Banque du Caire reports EGP 3.2bn net profit in 2020
Bank overcame challenges of 2020, banking sector one of strongest sectors supporting national economy, says Tarek Fayed
Banque du Caire to launch e-payment firm in support of digital transformation, financial inclusion: Chairperson
Bank has come long way in digital transformation, becoming top priority since implementing Integrated Development Strategy in 2018
NBE leads banking alliance to provide EGP 2bn in financing to Oilex
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an increase in financing for Oilex, an Egypt-based international company for the extraction of multiple forms of oils.
Sanad Fund grants Banque du Caire $30m subordinated loan
The transaction will be used to strengthen bank’s capital base and enhance its ability to finance its customers, especially MSMEs
Banque du Caire reports EGP 2.52bn net profit in September 2020
‘We will continue to implement expansion plans without interruption as bank successfully established advanced business model in 3 years,’ says CEO Tarek Fayed
EBRD grants Banque du Caire $50m loan to support MSMEs
The loan will assist the Egyptian bank in developing its MSME lending activities, and expand access to finance for underserved MSMEs.
SANAD, Banque du Caire strengthen partnership to support MSMEs in Egypt
NEW loan of $15m bolsters funding base for important economic pillars
17 banks in Egypt report total EGP 18.565bn net profits in H1 2020
Fear of COVID-19 repercussions, increase in provisions for doubtful loans put pressure on banks’ balance sheets
Banque du Caire arranges EGP 670m syndicated loan to Marakez
Loan to finance 50% of total estimated investment cost of Mall of Katameya’s second phase
Banque du Caire, Nile Pioneers cooperate to support SME exports
The programme aims to help SMEs open up in new international markets, and increase their exports in current ones, without incurring any financial burdens.
MSMEDA, Banque du Caire contribute EGP 620m to finance 40,000 micro-projects
First contract worth EGP 500m will finance micro-projects, second project for financing women is worth EGP 120m, says Gamea
Banque du Caire, EIB sign $100m loan agreement to finance SMEs
Fayed also emphasised that Banque du Caire’s keenness to boost and diversify its foreign currency funding resources is directed at financing SMEs, which are a cornerstone in economic growth and sustainable development.
Banque du Caire, Ahl Masr Foundation build quarantine hospital
Fayed said that all the bank’s initiatives since the crisis began have been to support state and medical sector efforts tackling the coronavirus.
Banque du Caire announces HQ employee infected with coronavirus
Fayed added that full sterilisation operations are currently being implemented for the main headquarters’ offices and departments. A medical examination will be performed on all workers who were in contact with the positive case, and samples will be taken with the recommendation of social isolation.
Coronavirus postpones IPOs of Banque du Caire, TAQA Arabia
Sukuk, securitisation issues take the lead, especially as interest rates drop
Egypt’s SWF, Abu Dhabi Development plan to invest in Banque du Caire’s 20-30% IPO mid-April
Offering aims to collect $500m, of which $50-75m from one or more strategic investors
Banque du Caire’s net profit nears EGP 4bn in 2019
Deposits up to EGP 151bn, loans EGP 79.2bn; SMEs portfolio grows by 146%
Banque du Caire leads banking alliance to raise €150m for financing MDF factory
The factory is being built in Idku, Beheira, with a production capacity of 205,000 annually, at a total cost of €215m
Banque du Caire inaugurates two business development centres within Nile Pioneers initiative
The bank aims to open more centres to expand MSMEs’ services across the country, says Fayed