Egypt’s Banque du Caire net profits jump 60% y-o-y

EARNINGS WATCH- Banque du Caire’s (BdC) net profits jumped 60% y-o-oy to EGP 6 bn in 2019, according to Mubasher. The bank is on track to sell a 45% stake to investors in the first IPO under the state privatization program, which was announced back in 2018. BdC’s shares could start trading on the EGX by the middle of April, local press reports suggested earlier this month.