Banque Du Caire: Credit Portfolio Surges to EGP12 bln at 2013-end

Banque Du Caire attained unprecedented rise in the credit portfolio of the companies during 2013, registering EGP12 billion along with the increase of the joint loan portfolio that up EGP7 billion, due to the bank’s keenness to have a strong presence in the field of corporate credit.

Mr. Mounir El Zahid , Chairman and Chief Executive Officer of Banque Du Caire asserted that the bank’s keenness to participate in financing many vital sectors of the state in 2013, including the real estate development , chemicals, energy, shipping services and petroleum sectors.

He explained that the bank participated in financing the national economic for the rest sectors as the bank participated in financing the transport sector with EGP1.6 billion through funding the National Authority for Tunnels (Egypt) so as to modernize the first line of Metro Station, in addition joining the granted loan for Contact Car trading group with EGP200 million share.