BdC looks to issue EGP 20 bn in corporate financing by end of 2020

State-owned Banque du Caire (BdC) plans to issue EGP 20 bn in corporate loans by the end of 2020, an unnamed bank official told Al Shorouk. The bank will reportedly lend to businesses working in the energy, petrochemicals, real estate, food and communications sectors. The bank expects to lend EGP 3 bn between now and the end of the year, raising its corporate financing portfolio to EGP 43 bn.