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Banque Du Caire plans 20% annual growth for portfolio

25 November 2010

Mohamed Kafafi, vice chairman and CEO of Egypt's Banque Du Caire has said the lender plans to grow its overall portfolio by an average of 15% to 20% a year, the Daily News Egypt has reported. "In 2008...the bank's portfolio was EGP5.7bn and now we have EGP14bn — of which EGP12bn are cash. We are growing and we plan to grow even further," Kafafi told the daily. In August 2010, deposits stood at EGP911bn; up from EGP670bn a couple of years ago, he said.

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