Banque Du Caire says raised $700 million since Egypt currency float

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Banque Du Caire, one of Egypt’s largest and oldest public lenders, says it has collected around $700 million in the period since Egypt floated its currency in November through August.

“The bank is negotiating $25 million with two international financial institutions for designed to finance small and medium-sized projects.” Banque Du Caire’s vice president Soha Soliman said on the sidelines of the AFI Global Policy Forum (GPF) in Sharm El-Sheikh.

Co-hosted by the Central Bank of Egypt, the Alliance for Financial Inclusion (AFI) organises its 9th Global Policy Forum (GPF) in Sharm El Sheikh, from 13-15 September, to be the showcase of the unique financial inclusion initiatives undertaken by members in the Arab region.