Cairo - Mubasher: The deputy chairperson of Banque du Caire, Soha Soliman, has negated any plans to increase the percentage of the awaited 20% initial public offering (IPO) before the end of the year.

Soliman added that procedures regarding the matter are progressing according to international standards, Almasry Alyoum reported.

The deputy chairperson also revealed that the bank has obtained a verbal approval for a $15 million loan to finance small projects, in which the bank has a market share of 22%.