Banque Du Caire Eyes 5% Market Share in Two Years

Banque Du Caire plans to increase its market share in the next two years to 5%, compared with its current market share that ranges from 3 to 3.5%.

Sources told Amwal Al Ghad that Banque Du Caire follows an expansion strategy in the next three years as the Bank targets to increase loans portfolio by 35% in the current year, especially that the loan to deposit ratio retreated to 35%, while the average loan to deposit ratio of banks in Egypt registered 50%.

Sources added that the Bank’s loans portfolio reached EGP 11 billion; of which retail banking portfolio registered EGP 6 billion and corporate credit portfolio registered EGP 5 billion. The deposits portfolio reached EGP 30 billion and the Bank targets to increase it to EGP 35 billion during the current year with a growth rate of 15%. Central Bank’s decision to reduce required deposit reserve ratio by 4% will contribute in providing much liquidity in the market, sources expected.

Banque Du Caire will focus on financing micro-, small and medium enterprises because they represent the backbone of national economy and further expanding in retail banking especially in government employees’ loans and car loans as well as expanding in financing companies through arranging and managing syndicated loans.