Original disclosure @ EBRD website
Updated in EWS Jun 7, 2022
Disclosed by Bank May 19, 2022
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According to the bank provided information, the investment involves the provision of a subordinated loan of up to USD 50 million to Banque du Caire ("BDC") to support the bank's growth plans.
The subordinated loan will strengthen BDC's Tier II capital to support the bank's growth plans. In addition, the financing is accompanied with a Corporate Climate Governance ("CCG") Action Plan, which will help BDC take steps towards adopting and implementing the recommendations set out by the Task Force on Climate-related Financial Disclosures ("TCFD") at an institutional level.
BANQUE DU CAIRE SAE
BDC is the 5th largest bank in Egypt with total assets of USD 16.3bn as of year-end 2021 and market shares of ca. 3.0% in terms of assets, 3.2% in terms of loans, and 3.1% in terms deposits. The bank operates the 3rd largest branch network in Egypt, and is ultimately owned by Banque Misr, the second largest bank in Egypt.
Ayman Khattab - Head of Financial Institutions
+202 (0) 22646694
Banque du Caire 6 Dr. Mostafa Abou Zahra Street Nasr City Cairo Egypt
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