Banque Du Caire’s Loans Surge To 20.4 Bln In Q3

Banque Du Caire’s loan portfolio rose by about EGP 1.2 billion in Q3 of this year, registering EGP 20.422 billion, compared to EGP 19.272 billion at the end of the first half of the same year, acquiring the seventh rank among banks in Egypt, sources said.

The bank raised its deposits during the first nine months of this year by EGP 2.2 billion, registering EGP 47 billion, compared to EGP 44.849 billion at the end of first half of the current year, acquiring the fifth rank among banks in Egypt.

Sources added that the National Bank of Egypt (NBE) was the first bank among banks in Egypt in terms of the volume of loans as its loan portfolio reached EGP 85 billion at the end of last June, while Banque Misr seized the second position with loan portfolio of EGP 44 billion and Commercial International Bank (CIB) acquired the third rank with loan portfolio of EGP 40 billion.

National Société Générale Bank (NSGB) came in the fourth rank with loan portfolio of EGP 35 billion, HSBC Bank acquired the fifth position with loan portfolio of 20.4 billion, Alex Bank seized the sixth position with loan portfolio of EGP 20 billion and Banque Du Caire came in the seventh rank with loan portfolio of EGP 19.2 billion.

NBE also acquired the first position in terms of volume of deposits as its deposit portfolio reached EGP 261 billion at the end of last June, followed by Banque Misr with deposit portfolio of EGP 162 billion and CIB with deposit portfolio of EGP 76 billion. NSGB seized the fourth rank with deposit portfolio of EGP 51 billion and Banque Du Caire acquired the fifth position with deposit portfolio of EGP 44.8 billion.