Banque Du Caire Pumps EGP1.6 Bln Corporate Loans in 5 Months

Ayman Mokhtar, head of Corporate Credit Sector at Banque Du Caire, stated that his bank has pumped EGP 1.6 billion in its cooperate loans during the first 5 months of 2013. Thus, the volume of the corporate loans portfolio has soared to EGP 12.8 billion with an increase of 13% at the end of last May, compared to EGP 11.2 billion at the end of 2012.

Mr. Mokhtar, in an exclusive statement to Amwal Al Ghad, pointed out that Banque Du Caire intends to pump US$ 140 million in the banking market through three dollar-syndicated loans; represented in the Egyptian Chemical Industries- KIMA and Delta Co for Fertilizations’ loans as well as the Islamic finance for Maridive and Oil Services (MOIL.CA).

He added that Banque Du Caire had agreed to pump EGP 25 million in El Marakby for Metallic Industries’ EGP 510 million loan; noting that National Bank of Egypt (NBE) is the loan’s mandated lead arranger.

It is worth mentioning that Banque du Caire has successively achieved the biggest profits in its history in 2012 which exceeded EGP 800 million.