Banque Du Cairo: 40% rise in customer deposits at end-2015

Egypt’s third biggest state-owned bank, Banque Du Caire registered a year-on-year 40 percent rise in customer deposits by end of December 2015, said its chairman, Mounir El Zahid on Wednesday.

El Zahid stated that the bank’s portfolio of customer deposits has reached 22 billion Egyptian pounds (US$2.8 billion) by late December 2015.

Earlier this month,  Banque Du Caire, was ranked 51th in The Banker‘s 2016 ranking of Top 100 African Banks.