Banque Du Caire S.A.E. is a leading financial institution in Egypt, providing its clients with a wide range of banking services. Founded in 1952 as a private bank, it was later nationalized in 1961. Since then, it has grown to become one of the oldest and largest banks in Egypt, offering integrated and diversified banking services and products crafted to meet the needs of its clients.
Banque Du Caire S.A.E. offers various services and products across the corporate and retail segments. It operates digital banking frameworks for retail and corporate clients and has worked on institutionalizing microfinance across banks to promote financial inclusion. With branches and ATMs throughout Egypt, the bank provides customers various banking services, including personal loans, corporate leasing, and internet and mobile banking.
As a leader in Egypt’s banking sector, Banque Du Caire S.A.E. has received various awards over its six decades of operation. Its commitment to providing high-quality banking services and products has earned it a reputation as a reliable financial institution.
History and Ownership
Founding and Evolution
Banque Du Caire S.A.E. was founded in 1952 as a private bank in Egypt. It was established under the provisions of the National Commercial Law of 1883 and was later replaced by Commercial Law No. 17 in 1999. In February 1964, a ministerial decree was issued, transforming Banque Du Caire S.A.E. into a joint stock company. On 21 July 1961, Law no. 117/1961 of the Banks Nationalisation was issued, and Banque Du Caire S.A.E. was nationalized. The Egyptian Government acquired the bank’s shares.
Banque Du Caire S.A.E. has evolved to become one of Egypt’s largest and oldest banks. 1960 Banque du Caire Amman was established in the Hashemite Kingdom of Jordan. The company was later transformed into a joint venture named Banque du Caire Amman. In 1999, Banque du Caire et de Paris ownership became BNP 76% and BC 22%.
Major Shareholders
Banque Du Caire S.A.E. has had several significant shareholders over the years. The bank was nationalized in 1961, and the Egyptian Government acquired its shares. In 1975, Banque Misr acquired a 51% stake in Banque Du Caire S.A.E. from the Egyptian Government. 1987 Barclays Bank acquired a 40% stake in Banque Du Caire S.A.E. from Banque Misr. In 1999, Banque du Caire et de Paris ownership became BNP 76% and BC 22%. In 2006, Banque Du Caire S.A.E. acquired Cairo Barclays International Bank and renamed Banque Du Caire (Switzerland) S.A.
Banking Services and Products
Retail Banking
Banque Du Caire S.A.E. provides retail banking services and products such as personal loans, credit cards, savings accounts, and current accounts. To meet its users’ financial demands, the bank offers competitive interest rates, simple repayment alternatives, and increased financing ceilings. Banque Du Caire S.A.E. operates a huge network of branches and ATMs throughout Egypt, making it simple for consumers to access banking services.
Corporate Banking
Banque Du Caire S.A.E provides a range of corporate banking services and products to its corporate clients. These services include foreign exchange, overdrafts, short-term loans, and other customized banking services. The bank has a team of experienced staff who work closely with their corporate clients to understand their unique banking requirements and provide them with tailored solutions.
Digital Banking Solutions
Banque Du Caire S.A.E offers its customers a range of digital banking solutions, including internet banking and mobile banking. The bank’s Internet banking platform provides customers with a secure and convenient way to open their accounts, transfer funds, pay bills, and manage their finances. The bank’s mobile banking app can be downloaded for IOS, Android, and Hawaii smartphones, providing customers with easy access to their accounts on the go. Banque Du Caire S.A.E provides customers a BDC soft token, the latest security technology, and a one-time password for BDC soft Token issues to ensure secure internet banking and mobile app transactions.
Banque Du Caire S.A.E provides its customers with a comprehensive array of services and products, including retail banking, corporate banking, and digital banking solutions. The bank’s experienced professionals work closely with its clients to understand their unique banking requirements and provide them with tailored solutions.
Expansion and Global Presence
Banque Du Caire S.A.E. has recently expanded its domestic and international network to increase its global presence. The bank has a strong presence in Egypt, with over 200 branches and 1,500 ATMs nationwide. The bank’s network in Cairo is pervasive, with branches and ATMs in key commercial and residential areas.
Domestic Network
Banque Du Caire S.A.E. has recently expanded its domestic network to serve its customers better. The bank has opened branches in various cities across Egypt, including Alexandria, Giza, and Sharm El Sheikh. The bank has also been upgrading its existing branches to provide customers with a better banking experience.
International Offices
Banque Du Caire S.A.E. has a growing international presence with offices in Uganda, Syria, Jordan, and Lebanon. The bank’s acquisition of Cairo International Bank in Uganda has given it a strong foothold in East Africa. The bank’s office in Damascus, Syria, provides services to Syrian nationals living in Egypt and helps facilitate trade between the two countries. The bank’s office in Amman, Jordan, serves as a hub for its operations in the Levant region. Banque Misr Liban, a Banque Du Caire S.A.E. subsidiary, has a network of branches in Lebanon.
In conclusion, Banque Du Caire S.A.E. has expanded its domestic and international network to increase its global presence. The bank’s extensive network in Egypt and its growing presence in East Africa and the Middle East positions it well for future growth.
Financial Performance
Banque Du Caire S.A.E. has performed well in recent years, with consistent growth in its financial performance. The bank has maintained a strong market position and expanded its investment ventures, contributing to its overall success.
Market Shares
Banque Du Caire S.A.E. has established itself as one of the leading banks in Egypt, with a substantial market share in the country’s banking sector. The bank’s market share has steadily increased, with a significant % growth rate of 112% in 2023. The bank’s total assets increased, reaching EGP 402 billion in 2023.
Investment Ventures
Banque Du Caire S.A.E. has actively pursued investment ventures in various sectors, including real estate and leasing. The bank has a subsidiary company, Cairo Leasing Corporation, specializes in leasing services for multiple assets. Banque Du Caire S.A.E. has partnered with other investment companies, such as Misr Investment Company and Egypt-Abu Dhabi Real Estate Investment Company, to expand its investment portfolio further.
Banque Du Caire S.A.E.’s strong financial performance can be attributed to its strategic investments and market positioning. The bank’s commitment to expanding its investment ventures has contributed to its growth and success in the Egyptian banking sector.
Strategic Initiatives
Financial Inclusion Efforts
Banque Du Caire S.A.E. has been committed to promoting financial inclusion in Egypt. It has undertaken several initiatives to provide financial services to underserved and unbanked segments of society. The bank has been expanding its branch network in remote areas and offering innovative products to cater to the needs of low-income customers. Banque Du Caire S.A.E. has partnered with microfinance institutions and non-governmental organizations to reach out to the unbanked population.
Partnerships and Collaborations
Banque Du Caire S.A.E. has partnered with various organizations to broaden its reach and provide innovative products and services to its clients. The bank has been working with Cairo Far East Bank, Union Commercial Bank, and Korean banks to provide trade finance services to its customers. Banque Du Caire S.A.E. has also collaborated with the International Financing Corporation (IFC) to design a climate financing strategy to safeguard the bank from climate risks, invest in green operations, and promote Egypt’s economic decarbonization.
Banque Du Caire S.A.E. has been implementing strategic measures to enhance financial inclusion and broaden its reach. The bank has collaborated with various organizations to provide innovative goods and services to its clients. Banque Du Caire S.A.E. has promoted financial inclusion in Egypt and expanded its branch network in remote areas. The bank has also partnered with microfinance institutions and non-governmental organizations to reach out to the unbanked population. Banque Du Caire S.A.E. has been collaborating with Cairo Far East Bank, Union Commercial Bank, and Korean Banks to offer trade finance services to its customers.
Frequently Asked Questions
How can I find the nearest branch of Banque Du Caire?
Users can use the branch locator tool on the bank’s official website to locate the nearest Banque Du Caire branch. After entering their location details, the tool will list the closest branches, addresses, and operating hours.
What are the online banking services offered by Banque Du Caire?
Banque Du Caire offers online banking services, including account management, bill payments, fund transfers, and online statements. Users can access these services through the bank’s website or mobile banking application.
What is the SWIFT code for Banque Du Caire?
The SWIFT code for Banque Du Caire is BCAIEGCXXXX. The code is used to identify the bank’s primary office for international money transfers.
How can I contact Banque Du Caire customer service?
Customers can contact Banque Du Caire customer service through the bank’s hotline at 16990. The hotline is available 24/7 to assist customers with their queries and concerns.
What are the operating hours for Banque Du Caire branches?
Banque Du Caire branches are open from Sunday to Thursday, from 9:00 AM to 3:00 PM. Some branches may have extended operating hours, and customers are advised to check the bank’s website or contact customer service for more information.
Who currently serves as the chairman of Banque Du Caire?
As of the time of writing, Mr. Tarek Fayed serves as the Chairman of Banque Du Caire. He was appointed in 2017 and has led the bank’s strategic initiatives to expand its services and enhance customer experience.
