Cairo – Mubasher: Banque Du Caire’s chairman Tarek Fayed on Thursday stated that the bank received $42 million (EGP 722.5 million) transfers from foreign investors.
The bank’s market share in Egypt reached 5%, he noted, adding that the bank’s profit is expected to increase by a range between 20% and 30% during the current fiscal year.
Fayed revealed that the bank is planning to offer from 20% to 30% of its capital, which equals a range from $300 million to $400 million, in a global market in GCC, Europe, or the US.
Banque Du Caire reported a 210% year-on-year hike in net profit during the full year 2018, recording EGP 2.5 billion ($140 million).
