Banque Du Caire’s portfolio of corporate loans surged to EGP 11.6 billion at the end of last June, up from EGP 10.3 billion at the end of June 2011, with an increase of EGP 1.3 billion.
Sources said the bank plans to increase its portfolio of corporate loans by more than EGP 500 million by the end of 2012. Banque Du Caire pays great attention to financing companies which represent the backbone of national economy.
Banque Du Caire won its bid to provide a finance amounting to EGP 400 million to Sigma Pharmaceutical Group after competing with five banks. The loan will be used to finance the Company’s future expansions in Quesna and Sixth of October City
In addition, Banque Du Caire contribute to a number of syndicated loan as it considers contributing EGP 300 million to a syndicated loan to finance the establishment of MAF Holding’s Mall of Egypt in Sixth of October City.
Banque Du Caire’s portfolio of syndicated loans rose to EGP 6 billion at the end of the first half of 2012.
