Banque du Caire

BMI: Egypt Commercial Banking Report (May-13)

Thu, 13 Jun 2013 13:58:13 GMT

Includes 3 FREE Quarterly Updates.Click here to read Abstract

Moody's: Credit Opinion - Banque du Caire SAE (04-Apr-13)

Tue, 09 Apr 2013 07:33:03 GMT

We assign a standalone E bank financial strength rating (BFSR) to BdC, which maps to a standalone credit assessment of caa2. The rating reflects (1) BdC's weak capital buffers in the context of Egypt's challenging operating environment, which we...

Banque du Caire funds petrochemical projects worth USD259m

Thu, 07 Mar 2013 05:01:34 GMT

Banque du Caire (BDC) has contributed USD 40 million of a total USD 235 million to co-finance the Egyptian styrenics production company (E-Styrenics), an official source told Zawya.

BMI: Egypt Commercial Banking Report (Feb-13)

Wed, 06 Mar 2013 09:53:40 GMT

Includes 3 FREE Quarterly Updates.Click here to read Abstract

Hyde Park Properties to sign syndicated loan end of February

Tue, 26 Feb 2013 08:10:24 GMT

Hyde Park Properties for Development (formerly known as Damac Properties for Development S.A.E) and Hyde Park Transitional Housing Project (HPTHP) are to sign a syndicated loan worth of USD 197 million with Banque du Caire (BDC) and several Egyptian...

Moody's Reviews Five Egyptian Banks for Possible Downgrade

Wed, 23 Jan 2013 19:18:44 GMT

Moody's Investors Service placed its ratings on five Egyptian banks on review for a possible downgrade, after taking a similar action on Egypt's sovereign-debt ratings last week.

BMI: Egypt Commercial Banking Report (Dec-12)

Fri, 14 Dec 2012 10:09:59 GMT

Includes 3 FREE Quarterly Updates.Click here to read Abstract

Moody's: Credit Opinion - Banque du Caire SAE (21-Nov-12)

Sun, 25 Nov 2012 18:21:35 GMT

On 12 November 2012, we lowered the standalone credit assessment of Banque du Caire (BdC) to b3 from b2, and confirmed its long-term local-currency deposit and debt ratings at B2, with a negative outlook. The rating action reflects our view of BdC's...

BMI: Egypt Commercial Banking Report (Sep-12)

Fri, 16 Nov 2012 10:22:09 GMT

Includes 3 FREE Quarterly Updates. Click here to read Abstract

BMI: Egypt Commercial Banking Report (Jun-12)

Fri, 16 Nov 2012 11:04:41 GMT

Includes 3 FREE Quarterly Updates. Click here to read Abstract

Moody's: Credit Opinion - Banque du Caire SAE (11-May-12)

Wed, 16 May 2012 11:46:43 GMT

We assign a standalone BFSR of E+ to BdC, which maps to a baseline credit assessment (BCA) of b2. The rating mainly reflects (i) the bank's high exposure to B2-rated Egyptian government securities, at over 5x its Tier 1 capital as of December 2011;...

Moody's: Rating Action - Banque Misr SAE (30-Apr-12)

Thu, 03 May 2012 08:23:19 GMT

Moody's Investors Service has today extended the review for downgrade of the local-currency (LC) and foreign-currency (FC) deposit ratings of the following five Egyptian banks: (i) National Bank of Egypt SAE; (ii) Banque Misr SAE; (iii) Banque du...

BMI: Egypt Commercial Banking Report (Mar-12)

Fri, 16 Nov 2012 11:31:04 GMT

Click here to read Abstract

BMI: Egypt Commercial Banking Report (Dec-11)

Fri, 16 Nov 2012 11:45:11 GMT

Click here to read abstract

Moody's: Credit Opinion - Banque du Caire (04-Jan-12)

Sun, 08 Jan 2012 13:25:49 GMT

On 22 December 2011, Moody's downgraded the local-currency deposit rating of Banque du Caire (BdC) to B2/Not Prime from B1/Not Prime. Concurrently, its long-term foreign-currency deposit rating was downgraded to B3 from B2, constrained by the B3...

Moody's: Nile Finance Limited (22-Dec-11)

Fri, 23 Dec 2011 10:23:28 GMT

Moody's Investors Service has today downgraded by one notch the local-currency (LC) deposit ratings of the following five Egyptian banks:National Bank of Egypt (SAE) to B2 from B1Banque Misr (BM) to B2 from B1Banque du Caire (BdC) to B2 from...

BMI: Egypt Commercial Banking Report (Sept-11)

Fri, 16 Nov 2012 11:59:56 GMT

Click here to read abstract.

Moody's downgrades five Egyptian banks

Tue, 22 Mar 2011 03:57:00 GMT

JEDDAH: Moody's Investors Service Monday downgraded the foreign-currency (FC) deposit ratings of five Egyptian banks by one notch to B1 from Ba3 National Bank of Egypt; (ii) Banque Misr; (iii) Banque du Caire; (iv) Commercial International Bank; and...

Moody's downgrades five Egypt banks

Tue, 22 Mar 2011 03:48:00 GMT

Moody's Investors Service has downgraded the foreign-currency (FC) deposit ratings of five Egyptian banks by one notch to B1 from Ba3 National Bank of Egypt; (ii) Banque Misr; (iii) Banque du Caire; (iv) Commercial International Bank; and (v) Bank...

Banks to finance trailer replacement program

Tue, 04 Jan 2011 07:31:56 GMT

Some 71,000 draw-bar trailers are expected to be replaced by August 2012, according to the minister of finance, Al-Ahram reported.

Experts debate role of banks in supporting competitiveness

Mon, 06 Dec 2010 06:27:20 GMT

"Financing the private sector is a real problem in Egypt, and [the country] would have [grown] at a faster rate if financing was more readily available to medium and smaller [sized] companies," said Mohamed Taymour, the chairman of Pharos Holding,...

Banque Du Caire to grow portfolio by 20 pct annually, says CEO

Thu, 25 Nov 2010 06:33:03 GMT

Banque Du Caire is planning to grow its overall portfolio by an average of 15 to 20 percent a year, impelled by what executives see as an improvement of consumer confidence and awareness in dealing with banks.

Banque Du Caire's Bassel El-Hini on customer expectations

Thu, 30 Sep 2010 12:25:25 GMT

Customer service at banks in Egypt is notorious for its long queues, systems that are "down" and a staff that oftentimes fails to apply the mantra: the customer is always right.

Banks vie to fund Egypt's first nuclear project

Tue, 31 Aug 2010 04:18:07 GMT

A number of local banks plan to amend their credit policies in order meet the requirements to finance Egypt's first nuclear project in Dabaa, reported Al-Masry Al-Youm.

Raya Information Technology successfully implements Windows 7 Upgrade Project to Banque du Caire

Wed, 23 Jun 2010 12:54:52 GMT

Raya Information Technology successfully introduced the newly launched Microsoft Windows 7 to Banque du Caire (BDC), one of the oldest banks operating in Egypt. As the supplier of Microsoft volume licenses and the successful provider of various...

Moody's Analytics: Banque du Caire implements credit risk scoring tool

Tue, 22 Jun 2010 05:44:38 GMT

Moody's Analytics is pleased to announce that Banque du Caire has implemented RiskAnalyst, a credit risk scoring tool provided by Moody's Analytics, across all of the Egyptian bank's branches.

Fawry extends nationwide network for electronic bill payment and mobile top-up to 700 retail points

Thu, 08 Apr 2010 11:36:01 GMT

Adoption of Fawry by hundreds of Egyptian retailers emphasizes strong demand for simplified and secure bill payment and presentment services for both banking and non-banking EgyptiansCairo - : Fawry, Egypt's leading electronic bill presentment and...

Raya expands its customer base for ATM solutions in 2009

Thu, 25 Feb 2010 14:15:59 GMT

Committed to strengthen its penetration into the banking sector, Raya IT succeeded in expanding its banking customer base, providing them with a wide range of ATM solutions and services. Raya installed 61 ATMs for Egyptian National Post Office and...

Amonseto workers protest delayed pay, demand job security

Wed, 03 Feb 2010 05:14:30 GMT

More than 100 workers at textile and garments company Amonseto International continued a sit-in for the second consecutive day in front of the Shoura Council, demanding either to return to their jobs or the closure of the company.

CIB arranges an USD 250 million syndicated term loan to Egyptian Drilling Company (EDC)

Thu, 14 Jan 2010 10:47:09 GMT

Cairo, 14th January, 2010: Commercial International Bank, Egypt (CIB) celebrated at the Four Seasons 1st residence the signature of a new 7-year Syndicated Term Loan for a total amount of USD 250 million in the name of Egyptian Drilling Company...

CIB arranges $250 mln loan for drilling co.

Fri, 15 Jan 2010 08:10:42 GMT

Commercial International Bank, Egypt (CIB) signed a 7-year $250 million syndicated term loan in the name of Egyptian Drilling Company (EDC), to finance the purchase of a new off-shore Baker Marine Pacific jack-up rig.The rig is currently under...

Moody's downgrades GLC deposit ratings of three Egypt banks

Sat, 02 Jan 2010 06:46:14 GMT

Moody's Investors Service downgraded the long-term global local currency (GLC) deposit ratings of three Egyptian banks, Beltone Financial said Thursday in its daily market report.

Moody's downgrades three Egyptian banks' deposit ratings

Thu, 31 Dec 2009 08:05:31 GMT

Moody's Investors Service has downgraded the long-term global local currency (GLC) deposit ratings of three Egyptian banks and has confirmed those of the two other rated banks, concluding the review for possible downgrade initiated on these ratings...

4-bank consortium covers $1.05 billion loan

Mon, 21 Dec 2009 05:34:31 GMT

Four Egyptian banks formed a consortium to cover a syndicate loan of $1.05 billion, the larges from local banks. The National Bank of Egypt, Banque Misr, Arab African International Bank, and Banque du Caire arranged, underwrote and syndicated a...

Fawry eyes 3 pct of Egypt's banked population

Wed, 02 Dec 2009 08:07:15 GMT

CAIRO: Fawry, an electronic bill payment and presentment (EBPP) network, hopes to capture 2 to 3 percent of Egypt's banked population within a year, according to CEO Ashraf Sabry.That's equal to a little over 100,000 individuals, Sabry said Tuesday...

CIB Leads a Group of Local Banks in a Syndicated Medium Term Loan Granted to Al-Hokair Group

Wed, 14 Oct 2009 13:29:07 GMT

Commercial International Bank (CIB) (Lead Arranger, Facility Agent, Security Agent and Account Bank) has succeeded in concluding a major Syndicated Medium Term Loan granted to finance the construction of Mall of Arabia which is expected to become...

Egyptian bank consortium signs EGP 2bn long term loan facility for Al-Futtaim's Cairo Festival City

Thu, 08 Oct 2009 08:17:40 GMT

Dubai, October 08, 2009: Al-Futtaim Commercial & Administrative Centers SAE - a subsidiary of Al-Futtaim - and a consortium of banks including HSBC Bank Egypt, CIB, AAIB, Banque Misr, Banque du Caire, Arab Bank plc and Misr Iran Development Bank...

HSBC Bank Egypt, CIB, AAIB, Banque Misr, Banque du Caire, Arab Bank plc & Misr Iran Development Bank to finance Festival Centre in Cairo Festival City

Wed, 07 Oct 2009 12:09:07 GMT

Al-Futtaim Commercial & Administrative Centers SAE - a subsidiary of Al-Futtaim Group - and a consortium of banks including HSBC Bank Egypt, CIB, AAIB, Banque Misr, Banque du Caire, Arab Bank plc & Misr Iran Development Bank held a dinner to...

The Frog Prince

Tue, 11 Aug 2009 07:58:46 GMT

Emerging market private equity investor Actis has shelled out $244 million for a 9.33% stake in Commercial International Bank (bt100 number 15), becoming the bank's largest shareholder.

Banque du Caire and Misr Beltone Asset Management establish (Al qahirah Al Youmy) with an initial capital of LE 100 million

Wed, 15 Jul 2009 08:51:25 GMT

Banque du Caire and Misr Beltone Asset Management have established a new money market fund (Al qahirah Al Youmy) with an initial capital of LE 100 million, which will be managed by Misr Beltone Asset Management.

Seeking closure

Sat, 20 Jun 2009 06:20:04 GMT

Earlier this week, the board of directors of Banque Misr approved terms for the settlement of unpaid loans with businessman Rami Lakah, one of the few remaining businessmen with whom banks are negotiating to put an end to a story that has claimed...

Adia could finance 52 projects in Egypt

Sun, 31 May 2009 06:37:42 GMT

The Abu Dhabi Investment Authority (Adia) is conducting a study to finance 52 new investment projects in Egypt at a cost of $28 (Dh102.7bn), said an Egyptian official.

Capital markets: Sentiment gets bruised

Sun, 21 Dec 2008 05:47:27 GMT

Much of Egypt's crash reflects the thumping emerging markets took when the financial crisis accelerated in the autumn but troubles abroad account for only about half of the bourse's losses, say officials and analysts.

A more cautious approach to lending

Wed, 17 Dec 2008 04:05:51 GMT

A turnround in Egypt's ailing banking sector has been one of the more noticeable successes of the government's efforts to revitalise the economy.

On the banks of the Nile ...

Mon, 18 Aug 2008 15:14:47 GMT

International players are eyeing Egyptian banks in the midst of massive reforms in the country.

Negative outlook for Egypt banking sector in short term

Mon, 11 Aug 2008 04:49:59 GMT

Investor sentiment towards the Egyptian banking sector remains pessimistic following the postponement of merger talks between two leading players, says a new report.

Uncertainty looms for Banque du Caire

Thu, 07 Aug 2008 11:12:53 GMT

The government has had a change of heart over the sale of Banque du Caire. Instead, it decided to put off the sale indefinitely, after the bids it received fell short of the valuation set for the bank.

MENA sees M&As worth $3.83bn in June

Tue, 22 Jul 2008 07:28:36 GMT

MENA M&A ActivityThe MENA region witnessed altogether 27 deals announced worth US$3,831mn during June 2008 which is the third largest amount this year with the average deal size being approx. US$142mn - as depicted in the chart that follows. During...

Mashreq still in the race

Thu, 03 Jul 2008 04:26:17 GMT

Mashreq bank says it is pressing ahead with moves to acquire the government-controlled Banque du Caire even though its initial offer was rejected.

Egyptian banks' capitalisation ratio low

Sun, 29 Jun 2008 04:31:20 GMT

The government-owned Egyptian banks' capitalisation is less than adequate and if unreserved bad loans were deducted from banks' capital, ratios would look significantly weaker, Global rating agency Fitch said in its latest report on the country's...