Banque Du Cairo launches internet banking, awaits mobile banking licence nod

Big 5

Egyptian state-run lender Banque du Caire launched Thursday the internet banking for individuals and it would be launching the same product for corporates within days, according to Chairman and CEO Tarek Fayed.

He added at a press conference that BDC is waiting the Central Bank of Egypt approval to launch the mobile banking product.

Fayed further noted that the bank is currently on track to inaugurate the first Electronic service branch, in addition to expanding geographically and opening 30 branched annually.

On the other hand, Banque du Caire  announced that its after-tax profit in 2018 rose 200 percent to around 2.5 billion Egyptian pounds ($145.7 million) from 807 million pounds a year earlier.

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