Banque Du Caire to establish a leasing arm with capital of 500 mln pounds

The Central Bank of Egypt has approved Banque du Caire’s plan to set up a financial leasing arm for the bank with 500 million Egyptian pound in capital.

The new company comes as part of BdC’s strategy to create new non-banking financing channels.

Tarek Fayed, Chairman of BDC referred to the importance of establishing the new company as part of the its expansion plan. In addition,  The leasing activity contribute with funding leading companies along with small and medium companies.