Banque Du Caire Attains EGP1.7bln Profits in 2013-End

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Banque Du Caire ‘s profits volume reached around EGP1.7billion at 2013 in compared to EGP1.4 billion within 2012, registering 22.5% growth rate.

Chairman of the Bank’s Board of Directors Mr. Mounir El-Zahed said the bank’s profits after taxes reached EGP1.04billion explaining that the total return on equity reached 32%.

The bank achieved these results after the assets boosted to EGP9billion to hit EGP65billion in 2013 in compared to EGP56billion in 2012, El-Zahed noted.

The loan portfolio is EGP25billion against EGP22billion in 2012, with increase of EGP3billion, El-Zahed explained.

Moreover, the bank’s deposit portfolio reached EGP58billion in 2013 in compared to EGP49billion in 2012, with 18% growth rate.