By: Islam Fadl
Cairo – Mubasher: Banque du Caire invested around EGP 10 billion in government treasury bills (T-bills) during fiscal year 2017/2018, the bank’s chairman said on Sunday.
Banque du Caire’s subsidiary ORIX Leasing Egypt SAE (OLE), one of the first lessors in Egypt, has invested around EGP 1 billion during the period between March and June, Tarek Fayed added.
Egypt's third largest state-lender had injected EGP 400 million in corporate social responsibility (CCR) by the end of June.
Fayed added the bank is seeking to increase its market share to 6% from 4% over the coming five years.
For the first half of 2018, Banque du Caire achieved a net profit of EGP 1.2 billion, compared to EGP 827 million in H1-17.
In April, Egypt's central bank governor Tarek Amer had expected to offer a stake of the bank’s stocks on the Egyptian Exchange (EGX) by the end of 2018 or the beginning of 2019.
Translated by: Kholoud Mohamed Hussein
