Company Insights Banque du Caire Banking and Finance Banque du Caire Overview State-owned Banque du Caire is one of Egypt’s oldest and largest commercial banks. It was established in Cairo in 1952 by a group of businessmen, lawyers and lawmakers, initially as a private business. It went on to open a branch in Amman in Jordan 1960, and today has an office in the UAE and an African subsidiary, Cairo Bank Uganda. Following Banque du Caire’s nationalisation by the Egyptian government in 1961, branches were also opened the 1960s and 1970s in Syria, Paris, Korea and Bahrain. The bank listed on the EGX, Egypt’s stock exchange in 2017. In 2022, Egyptian state-owned Banque Misr increased its stake in Banque du Caire from 57 percent to 99.99 percent. It may relist a stake on the EGX in 2025, according to a number of media reports. Banque du Caire’s other current subsidiaries are digital payment platform Taly and corporate leasing firm Cairo Leasing Corporation. Banque du Caire News Banking and Finance Emirates NBD downplays reports of Egyptian acquisition Emirates NBD, Dubai’s largest bank by assets, has refuted media reports that it is undertaking due diligence on a state-owned Egyptian bank ahead of potentially buying a stake in the lender. Last week, Kuwaiti and Egyptian media published articles detailing how Emirates NBD – which has an Egyptian subsidiary – had begun examining the books […] March 18, 2025 Banking and Finance Emirates NBD to buy stake in Egypt’s Banque du Caire Emirates NBD, Dubai’s largest bank by assets, has begun due diligence ahead of buying a stake in Egypt’s sixth-largest commercial bank, Banque du Caire. The purchase would be the latest sale of a government-owned asset in a stalled privatisation programme, according to regional media. Egypt agreed an expanded $8 billion loan from the International Monetary […] March 13, 2025 Banking and Finance Retail investors offered 1.5% of Egypt’s United Bank in IPO A small stake in Egypt’s United Bank is to be offered to retail investors on Wednesday, when 16.5 million shares of the state-owned bank will be floated on the Egyptian Exchange as part of an IPO. The retail tranche, 1.5 percent of the bank’s shares, is part of an initial public offering of 330 million […] November 26, 2024 Analysis Finance Egypt confronts sell-off of more state assets More sales of Egyptian state assets from petrol stations to wind farms are likely to be announced in the financial year to June 2025, according to people familiar with the negotiations. A deal with the UAE worth $35 billion to develop a resort at Ras El Hekma on the Mediterranean has eased the pressure on […] June 11, 2024 Finance Moody’s downgrades ratings of five Egyptian banks Moody’s Investors Agency has downgraded five Egyptian banks by one notch, including the largest private bank, after downgrading the country’s credit rating on high inflation and rising borrowing costs. The long-term bank deposit ratings of the National Bank of Egypt, Banque Misr and Banque Du Caire, and privately-owned Commercial International Bank were lowered to “CAA1” […] October 12, 2023 Posts navigation
Banking and Finance Emirates NBD downplays reports of Egyptian acquisition Emirates NBD, Dubai’s largest bank by assets, has refuted media reports that it is undertaking due diligence on a state-owned Egyptian bank ahead of potentially buying a stake in the lender. Last week, Kuwaiti and Egyptian media published articles detailing how Emirates NBD – which has an Egyptian subsidiary – had begun examining the books […] March 18, 2025
Banking and Finance Emirates NBD to buy stake in Egypt’s Banque du Caire Emirates NBD, Dubai’s largest bank by assets, has begun due diligence ahead of buying a stake in Egypt’s sixth-largest commercial bank, Banque du Caire. The purchase would be the latest sale of a government-owned asset in a stalled privatisation programme, according to regional media. Egypt agreed an expanded $8 billion loan from the International Monetary […] March 13, 2025
Banking and Finance Retail investors offered 1.5% of Egypt’s United Bank in IPO A small stake in Egypt’s United Bank is to be offered to retail investors on Wednesday, when 16.5 million shares of the state-owned bank will be floated on the Egyptian Exchange as part of an IPO. The retail tranche, 1.5 percent of the bank’s shares, is part of an initial public offering of 330 million […] November 26, 2024
Analysis Finance Egypt confronts sell-off of more state assets More sales of Egyptian state assets from petrol stations to wind farms are likely to be announced in the financial year to June 2025, according to people familiar with the negotiations. A deal with the UAE worth $35 billion to develop a resort at Ras El Hekma on the Mediterranean has eased the pressure on […] June 11, 2024
Finance Moody’s downgrades ratings of five Egyptian banks Moody’s Investors Agency has downgraded five Egyptian banks by one notch, including the largest private bank, after downgrading the country’s credit rating on high inflation and rising borrowing costs. The long-term bank deposit ratings of the National Bank of Egypt, Banque Misr and Banque Du Caire, and privately-owned Commercial International Bank were lowered to “CAA1” […] October 12, 2023
