Banque du Caire (BdC) is in talks with an unnamed Arab financial institution for a USD 30 mn loan, Chairman Tarek Fayed told the domestic press. The bank is planning to secure USD 100 mn in loans this year as it looks to increase its financing of international trade operations through its African branch. BdC is targeting growing its domestic market share to 6% from 4% over the next five years, Fayed added.
More from Enterprise
Egypt prepares to offer a 40% stake in Banque du Caire as early as April
Amid global market uncertainty from the war on Iran, the…
EGX kicks off first day of futures trading on the EGX
The rollout includes 3- and 6-month future contracts tracking the…
Fiscal pressures mount for Egypt as CDS levels rise
Good morning, friends. The situation in Egypt remains calm as…
Bahrain’s Beban eyes Egypt launch with equity crowdfunding model
Mohamed Aboulnaga’s Foras AI raises stake as Beban seeks FRA…