Company Overview of Banque Du Caire S.A.E.
Banque Du Caire S.A.E. provides retail and commercial banking services in Egypt. It offers retail banking products and services, including accounts, term deposits, certificates of deposit, retail loans, cards, and insurance products and services; investment products; and treasury products and services that include foreign exchange, fixed income, money market, and structured products. The company also provides corporate banking products, such as working capital, which include overdrafts, short-term loans, and checks purchasing; commercial products that comprise trade finance/discounting bills, re-financing under trust receipts, and discounting export bills; and medium and long term financing ...
Departments Complex Building
6 Dr. Mostafa Abu Zahra St.
Founded in 1952
Key Executives for Banque Du Caire S.A.E.
Managing Director of Credit and Retail Stores
Compensation as of Fiscal Year 2017.
Banque Du Caire S.A.E. Key Developments
Banque du Caire Puts Off IPO Plan
Jul 24 17
There is a strong trend to postpone offering a proportion of Banque Du Caire S.A.E. shares on the stock market until the first quarter of 2018, instead of the second quarter in the current year as planned, to be more consistent with the market conditions given interest rate hikes over the past two months, sources told Al Mal newspaper. Al Mal newspaper reported earlier that Banque du Caire’s IPO plan includes partial exit by the government from the bank’s shareholding concurrently with capital increase, according to sources, adding the amount of increase has not been decided on so far. HSBC Holdings plc( LSe:HSBA)/EFG Hermes Holding S.A.E. (CASE:HRHO) consortium won a bid to act as the financial advisor to offering Banque du Caire on the Egyptian Exchange.
Privatisation Awakens From Its Slumber In Egypt
Jun 21 17
Just when you were afraid that Egypt's privatization program might have gone into a long hibernation, the bear suddenly begins to stir again. Well over a year ago government officials announced that a whole series of state companies would be sold at least in part to the private sector, including three banks, as many as eight oil companies and four electricity companies. Officials said many of them would be sold in 2016. The central bank of Egypt plans to sell two banks, including 20% of Banque du Caire, the state's third largest bank, and 20% of Arab African International Bank (AAIB), would be sold on the stock exchange in an IPO. It also planned to sell a controlling stake in the much smaller United Bank to a strategic investor. The oil companies included the $1.4bn Midor (Middle East Oil Refinery) and Ethydco, which operates a $1.9 billion ethylene plant that came on stream in mid-2016. The government also talked of selling the three massive Siemens power plants it had just commissioned, as well as the company created to maintain them. But the government's heart didn't seem to be in it. The aim of the sales was merely to raise revenue to plug the country's huge budget deficit. There was little talk of the benefits of opening up markets and of competition, as there was after Ahmed Nazif's government liberalized the economy in 2004. In the last few weeks, however, the mood has become noticeably more upbeat. The finance ministry last month said that it expected to raise up to EGP 7 billion through IPOs of state companies in the financial year that will begin on July 1, 2017.
Egypt Seeks Advisers For IPO Of Banque Du Caire
Apr 27 17
Egypt is seeking potential privatization of Banque Du Caire S.A.E. Egypt has already hired HSBC and EFG-Hermes to advise on the planned IPO of Banque Du Caire, while officials have said the program would also include oil companies.
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