Banks in Egypt hedge against COVID-19 despite Q1 profit decline
Survey revealed that 12 banks achieved a decline in profits by the end of March 2020 compared to March 2019
Daily News Egypt - 11-Jul-2020
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Banque du Caire (BQDC.CA)
Also known as: BDC
Banque du Caire adds 9 new branches, to open digital unit
The bank is expected to open its first digital branch before the end of June, as part of the financial inclusion system
Arab Finance - 11-Jun-2020MSMEDA, Banque du Caire contribute $39.3mln to finance 40,000 micro-projects
Financing was provided through a World Bank agreement to stimulate entrepreneurship
Daily News Egypt - 13-May-2020Banque du Caire provides micro-enterprises with $39.28mln funding
Contacts signed between Banque Du Caire and MSMEDA reached $171mln
Mubasher - 13-May-2020Banque du Caire inks $100mln deal with EIB to finance SMEs
This deal will cover financing the investments of Egyptian small and medium enterprises (SMEs) in the manufacturing and services sectors.
Arab Finance - 12-May-2020Banque du Caire closes Downtown branch for 3 days
Two of its employees tested positive for coronavirus
Arab Finance - 11-May-2020Mideast Stocks: Factors to watch on April 13
Oil firmer on OPEC+ deal, equities unable to shake pandemic fears
Reuters News - 13-Apr-2020Egypt postpones Banque du Caire stake sale due to coronavirus -chairman
The plan remained to sell the stake, worth about $500mln, provided investor interest held up in the face of the virus
Reuters News - 12-Apr-2020Coronavirus postpones IPOs of Banque du Caire, TAQA Arabia
Investment bank EFG Hermes is managing Banque du Caire offering and co-managing TAQA Arabia IPO along with HSBC
Daily News Egypt - 22-Mar-2020Banque du Caire maintains certificates interest rates unchanged
Rate on floating certificates of deposits was cut to 10.5%
Mubasher - 22-Mar-2020Mideast Stocks: Factors to watch on March 5
Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts
Reuters News - 05-Mar-2020Mideast Stocks: Factors to watch on March 4
Here are some factors that may affect Middle East stock markets on Wednesday
Reuters News - 04-Mar-2020Egypt looking to sell $500mln minority stake in Banque du Caire
The plan is to go with the IPO by mid-April
Mubasher - 04-Mar-2020Banks in Egyptian market show strong performance by 2019 end
11 banks have achieved a net profit of about $2.3bln by the end of December 2019
Daily News Egypt - 23-Feb-2020Banque du Caire posts 60% rise in net profit in 2019
The bank’s assets grew by 10% year-on-year
Mubasher - 19-Feb-2020Banque du Caire’s net profit nears $256mln in 2019
The net interest income increased by 29% last year compared to 2018
Daily News Egypt - 19-Feb-2020Banque du Caire Chairman discusses Egypt economy, bank's plans
Tarek Fayed, Chairman and Chief Executive Officer of Banque du Caire, shares his insights into bank’s upcoming IPO and Egypt’s economic rebound
Banker Middle East - 10-Feb-2020Mideast Stocks: Factors to watch on February 5
Oil gains more than 1% on hopes for output cuts to counter China virus impact
Reuters News - 05-Feb-2020Egypt to sell a 45% stake of Banque du Caire in the first half of 2020
The bank also is open to sell part of the stake to a foreign investor during the IPO
Reuters News - 04-Feb-2020Positive outlook for Egyptian stocks in 2020
An improving macro backdrop coupled with attractive valuations and a looser monetary policy should boost Egyptian equities
ZAWYA - 22-Dec-2019Banque du Caire leads consortium in $162mln funding for MDF plant
The financing will cover the investment costs for constructing Egyptian Petrochemicals Holding Company’s plant in Idku
Mubasher - 20-Dec-2019Banque du Caire eyes raising SME loan portfolio to $867mln by year-end
Currently, Banque du Caire considers pumping $61mln in loans to SMEs
Mubasher - 27-Oct-2019Banque du Caire pumps $371mln into SMEs in nine months
The bank’s profit before taxes surged to $154mln in H1
Mubasher - 21-Oct-2019Banque du Caire to lend $34.6mln to Inertia to finance Jefaira project on the Egyptian North Coast
Inertia plans to develop new residential projects in New Cairo and Ain Sokhna
Thomson Reuters Projects News - 22-Aug-2019Egypt's Banque du Caire to offer 40% stake early 2020
The offering’s value may amount to $400mln
Mubasher - 20-Aug-2019Banque Du Caire to pump $72mln microfinance in H2
Such funding will be directed to a slew of sectors in the country in the coming period
Mubasher - 07-Aug-2019Banque Du Caire mulls huge SME loans
The state-run bank plans to raise its SME portfolio
Mubasher - 22-Jul-2019EFG Hermes plans to list four firms in Egypt in 2019
Investment bank reported a strong set of results in the first quarter of the year
ZAWYA - 21-Jul-2019Banque Du Caire nods to provide finance to Egypt’s Empower
The loan will finance the establishment of Nubaria waste-to-energy plant
Mubasher - 08-Jul-2019Mideast Stocks: Factors to watch on June 17
Here are some factors that may affect Middle East stock markets on Monday
Reuters News - 17-Jun-2019Banque Du Caire to float 30-40% stake on Egypt EGX by end-2019
Banque Du Caire’s profits surged to EGP 1.218bln in Q1-19
Mubasher - 17-Jun-2019How Egypt's stock exchange stands to benefit from public divestment
The first partial privatisation of the 23 firms took place on February 28
Oxford Business Group - 15-May-2019Banque Du Caire to raise up to $300mln-$400mln through stake sale
Lender plans to offer 20-30% of its shares on the Egyptian Exchange by year-end, chairman says
ZAWYA - 23-Apr-2019Mideast Stocks - Factors to watch on April 21
Abu Dhabi hits 13-year high, most Gulf markets rise
Reuters News - 21-Apr-2019Egypt's Banque du Caire eyeing sale of 20-30% stake for $300-400mln
Selling a 20-30% stake by the end of 2019.
Reuters News - 18-Apr-2019Mideast Stocks: Factors to watch on April 16
Here are some factors that may affect Middle East stock markets on Tuesday
Reuters News - 16-Apr-2019Banque du Caire opens UAE representative office
Focal point through which bank aims to strengthen overseas presence.
TradeArabia - 13-Mar-2019Egypt picks banks to manage sale of stakes in state-owned companies: official
CI Capital and Renaissance Capital will manage the sale of an additional stake in state-owned Abu Qir Fertilizers
Reuters News - 14-Jan-2019Banque du Caire eyes doubling SME portfolio to EGP 30bn
Banque du Caire is looking to raise its small- and medium-sized enterprise portfolio to reach EGP 30 billion in 2022, vice chairman said.
Mubasher - 16-Oct-2018Banque Du Caire invests $557mln in gov’t T-bills in FY 17/18
Egypt's third largest state-lender
Mubasher - 23-Sep-2018Banque du Caire to be listed in EGX by mid 2018: Amer
The bank has around 240 branches and units around the country.
Amwal Alghad - 23-Nov-2017Egypt expects to raise $400 million in Banque du Caire offer- statement
Egypt expects to raise EGP 7.2 billion ($400 million) through an initial public offering of Banque Du Caire by 2018.
Reuters News - 23-May-2017Egypt bourse approves listing of state-run Banque Du Caire
Banque Du Caire applied to list on the Egyptian stock exchange with a capital of $123.97 mln
Amwal Alghad - 09-Feb-2017Egypt bourse approves listing of Banque du Caire- statement
Banque du Caire applied to list on Egyptian exchange with a capital of EGP2.25 billion ($123.97 million), the bourse said on Feb 1.
Reuters News - 08-Feb-2017Banque du Caire officially requests listing on Cairo bourse, eyes IPO in H1
bank has $119.17 mln in capital distributed over 562.5 million shares at a nominal value of 4 pounds per share
Amwal Alghad - 02-Feb-2017Banque du Caire to list its shares in first half of year
The bank has EGP2.25 billion ($119.17 million) in capital.
Reuters News - 01-Feb-2017Banque du Caire officially requests listing
The bank has EGP2.25 billion ($119.17 million) in capital.
Reuters News - 01-Feb-2017Company information provided by Refinitiv
Refinitiv research team update company information from primary sources (company annual reports, press releases, company websites, corporate briefings, official statements/interviews) and reliable secondary sources (stock markets, reliable third party publications).
Peers
| Stocks | Last Price | % Change |
|---|---|---|
| MOHANDES INSUR | 15.000 EGP | -3.288 |
| SUEZ CANAL BANK | 8.050 EGP | 0.124 |
| Union National Bank - Egypt | - | - |
| EXP DEV BK OF EG | 10.920 EGP | -1.444 |
| HOUSING & DEV BK | 37.190 EGP | 0.00 |
| DELTA INSUR | 22.760 EGP | 0.00 |
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