Banque Du Caire Hits EGP750 mln Securities Portfolio

The total securities portfolio of Banque Du Cairo hit around EGP750 million at the end September, against EGP1.5 billion in the last year.

Mohamed Taha, vice president of Banque Du Caire has informed Amwal Al Ghad that the political conditions which passed by the country has forced the bank to reduce its investments in the last period.

He added that the total bank’s investments in the government debt instruments reached about EGP24 billion , EGP13 billion for tills and EGP11 billion for bonds.

The bank achieved EGP1.4 billion profits at the end of the fiscal year of 2012, against EGP400 million in 2011, move up by 214%, the total net profits of the bank totaled EGP830 million.