Banque Du Caire Eyes 20% Increase In Loans In FY 2012/13

Banque Du Caire targets to increase its portfolio of loans and credit facilities by 20% by the end of FY 2012/2013.

The bank’s portfolio of loans and credit facilities surged by EGP 300 million (2.6%) during the first four months of FY 2012/2013, registering EGP 11.7 billion at the end of last October, compared to EGP 11.4 billion at the end of last June, said Ayman Mokhtar, head of corporate banking at Banque Du Caire.

Mokhtar noted that the bank’s deposits portfolio registered EGP 42 billion at the end of last month. He, then, revealed that the bank mulls injecting US$ 50 million to a shipping company.

The bank is currently restructuring the financing system of small and medium enterprises (SMEs) to offer such enterprises fast credit and provide them with financing schemes different from those of corporate financing schemes.