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Banque du Caire MSMEs portfolio hits EGP 12bn

Banque du Caire MSMEs portfolio hits EGP 12bn
Banque du Caire added 100,000 customers in 2018
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By: Abdulla Bedeir 

Cairo – Mubasher: Banque du Caire’s micro, small, and medium-sized enterprises (MSMEs) finance portfolio increased by 30% year-on-year during the first six months of 2019, recording EGP 12 billion, chairman Tarek Fayed stated.

The bank is planning to expand its brokerage business, the top official added in a press conference.

Fayed noted that the bank is keen on diversifying its loan agreements to include deals with big, medium, or small companies, in addition to individuals.

In 2018, Banque du Caire added 100,000 new customers, along with 40,000 new customers in H1-19, Fayed revealed.