Banque Du Caire is ranked first in the Middle East and Africa in terms of the highest return on capital (64.57%), according to October 2014 evaluation of the top 100 banks declared by The Banker.
The Banker has been specialized for over 90 years in the assessing and ranking of the world banks in terms of their strength and profitability.
The ranking was based on Banque du Caire’s results in 2014 showed an outstanding performance in achieving growth in assets and profits besides a healthy credit portfolio and continuous enhancement of the bank’s competitiveness. More focus was given to the bank’s profits before tax, return on capital and return on assets. All the above resulted in positioning Banque du Caire among the top banks in the Middle East and Africa this year.
From his part, Mounir El Zahed – Banque Du Caire’s Chairman and CEO – said the outstanding rankings reflect the bank’s distinctive position on the national and regional levels, and emphasizes the competence of the bank’s performance.
“This achievement is a strong indicator of the strength and efficiency of the public sector banks and the Egyptian banking industry as a whole and proves their ability to support the national economy and development.” El Zahed noted
The banking official emphasized that these achievements came as a result of the hard work and professionalism in managing the banking system. Moreover, retaining these achievements and global rankings requires insistence to continue the hard work, face all challenges and have trust in the bank staff’s capability that keeps giving a professional and outstanding performance.