{"id":599054,"date":"2019-06-17T04:00:33","date_gmt":"2019-06-17T04:00:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/bdc-net-profits-triple-year-on-year-in-1q2019\/"},"modified":"2019-06-17T04:00:33","modified_gmt":"2019-06-17T04:00:33","slug":"bdc-net-profits-triple-year-on-year-in-1q2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/bdc-net-profits-triple-year-on-year-in-1q2019\/","title":{"rendered":"BdC net profits triple year-on-year in 1Q2019"},"content":{"rendered":"

EARNINGS WATCH- Banque du Caire (BdC) net profits almost tripled year-on-year to EGP 1.21 bn in 1Q2019,<\/b> up from EGP 407 mn in the same quarter last year, according to Al Ahram<\/a>. The bank\u2019s net interest income grew 58% y-o-y to EGP 2 bn during the quarter. \u201cFY2019 came on the back of the positive results achieved in 2018, which was a turning point for the bank\u2019s strategy,\u201d CEO Tarek Fayed said. We noted last April<\/a> that BdC is expecting to raise USD 300-400 mn when it sells a 20-30% stake on the EGX in a planned IPO as part of the state privatization program.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Banque du Caire (BdC) net profits almost tripled year-on-year to EGP 1.21 bn in 1Q2019, up from EGP 407 mn in the same quarter last year, according to Al Ahram. The bank\u2019s net interest income grew 58% y-o-y to EGP 2 bn during the quarter. \u201cFY2019 came on the back of the positive […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[204,726,302,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599054","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking","tag-banque-du-caire","tag-earnings","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f27c7f69-3ddf-40a2-88d1-5734d3f3ddc1","is_powered_by":true,"section_story_id":"3443bfd1-c160-453e-afbd-94ca2518520f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599032],"teaser":"","voice_url":""},"yoast_head":"\nBdC net profits triple year-on-year in 1Q2019 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/bdc-net-profits-triple-year-on-year-in-1q2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BdC net profits triple year-on-year in 1Q2019\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Banque du Caire (BdC) net profits almost tripled year-on-year to EGP 1.21 bn in 1Q2019, up from EGP 407 mn in the same quarter last year, according to Al Ahram. The bank\u2019s net interest income grew 58% y-o-y to EGP 2 bn during the quarter. \u201cFY2019 came on the back of the positive […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/bdc-net-profits-triple-year-on-year-in-1q2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-17T04:00:33+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/bdc-net-profits-triple-year-on-year-in-1q2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/bdc-net-profits-triple-year-on-year-in-1q2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"BdC net profits triple year-on-year in 1Q2019\",\"datePublished\":\"2019-06-17T04:00:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/bdc-net-profits-triple-year-on-year-in-1q2019\/\"},\"wordCount\":109,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"Banque du Caire\",\"earnings\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/bdc-net-profits-triple-year-on-year-in-1q2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/bdc-net-profits-triple-year-on-year-in-1q2019\/\",\"name\":\"BdC net profits triple year-on-year in 1Q2019 - 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The bank\u2019s net interest income grew 33% y-o-y to EGP 6 bn during the first nine months of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596702,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/bdc-obtains-usd-30-mn-loan-from-kuwait-fund\/","url_meta":{"origin":599054,"position":1},"title":"BdC obtains USD 30 mn loan from Kuwait Fund","author":"enterpriseam admin","date":"4 July 2019","format":false,"excerpt":"Banque du Caire (BdC) has secured a USD 30 mn loan from the Kuwait Fund for Arab Economic Development to increase SME financing, the bank\u2019s head of SME banking, Nader Saad, told Mubasher. Sources told the newspaper at the end of June that the bank was in talks with the\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576528,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/29\/banque-du-caire-9m-profits-down-16-revenues-climb\/","url_meta":{"origin":599054,"position":2},"title":"Banque du Caire 9M profits down 16%, revenues climb","author":"enterpriseam admin","date":"29 November 2020","format":false,"excerpt":"Banque du Caire (BdC) generated a net profit of EGP 2.5 bn during 9M2020, down 16% from EGP 3 bn in the same period last year, according to figures released by the bank on Thursday. 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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\u2019s shares could\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572708,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/banque-du-caire-profits-fall-30-in-1q2020\/","url_meta":{"origin":599054,"position":5},"title":"Banque du Caire profits fall 30% in 1Q2020","author":"enterpriseam admin","date":"6 July 2020","format":false,"excerpt":"EARNINGS WATCH- Banque du Caire profits fell almost 31% in 1Q2020 after the bank reported income of EGP 838 mn, down from EGP 1.21 bn in the same period last year, according to Al Mal. 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