Banque Du Caire

Banque du Caire is a bank in Egypt, founded in 1952; is one of the oldest and largest Egyptian
banks providing its clients with an integrated and diversified package of banking services and products designed specifically to meet their needs. As a result of its efforts, the Bank received various awards over its six decades of operation. Banque du Caire (BdC) is one of Egypt’s deep-rooted and largest Banks, providing its retail, Small and Medium Enterprise (SMEs), Micro-enterprises, and corporate
clients with a comprehensive range of banking solutions to meet their financial goals all tied together with
some of the country’s leading digital solution offerings.

The bank has worked on the institutionalization of microfinance across banks to promote financial inclusion. It also operates digital banking frameworks for both retail and corporate clients. The bank launched a corporate leasing venture in 2018, Cairo leasing Corporation (CLC). Banque du Caire also offers access to COMESA markets through Cairo International Bank, its Ugandan subsidiary.

In addition, it runs a representative office in the UAE. The bank currently operates 248 branches and 1,640 ATMs across Egypt and serves more than 3.2 million clients.

BdC leadership role has been affirmed by winning 10 awards
throughout the year 2021.https://www.bdc.com.eg/bdcwebsite/dam/jcr:9858df9a-17fd-48ed-b9ed-5bb8caafb8b6/Annual-Report-2021-English.pdf

The European Awards:
* Best Treasury Management Bank- Egypt 2021
* Best Foreign Exchange Banking Provider-Egypt 2021
* Best Fixed Income Banking Provider-Egypt 2021
* Best Liquidity Management Provider-Egypt 2021

International Business:
* Most Sustainable Bank Egypt 2021

International Finance:
* Best Foreign Exchange Bank - Egypt 2021
* Best Global Transaction Banking - Egypt 2021
* The Best Sub-Custodian

Global Economics:
* Best Foreign Exchange Banking Provider-Egypt 2021
* Best CSR Bank - Egypt 2021

International Banker:
* Best Innovation in Retail Banking Egypt 2021

Global Trade Review (GTR):
* Best Trade Finance bank

EMEA Finance:
* Best structured finance deal in Africa
* Best local currency syndicated loan in EMEA
* Best structured finance deal in North Africa

History

*1952 — Several wealthy families, chief among them, the Egyptian Jewish Cattaui dynasty, and the wealthy Jewish banking Sassoon family from Aleppo established Banque du Caire (BC) as a private bank.
*1954 — BC established a branch in Jeddah.
*1957 — BC took over the Egyptian operations of Crédit Lyonnais and the Comptoir National d’Escompte de Paris (CNEP). which later became BNP Paribas, after the Egyptian government nationalized all French and English banks (and later all foreign banks) in the wake of the Suez crisis. The bank viewed this step as a major milestone in its growth

*1959 — Prior to this, BC established a branch each in Damascus, Syria, and Amman, Jordan, and later branches in Aleppo and Latakia, both in Syria.
*1960 — BC's branch in Amman, Jordan became the Cairo Amman Bank with BC retaining a minority position in the bank (12% in 1999.)
*1961 — The Egyptian government nationalized BC.
*1962 — Banque Misr Liban absorbed BC's branches in Lebanon.
*1963 — The Syrian government nationalized BC's branches there, incorporating them into Banque de l’Unité Arabe (Bank of Arab Unity; est. 1961).
*1964 — BC absorbed Banque de l’Union Commerciale (ex Credit Orient).
*1975 — BC contributed its five branches in Saudi Arabia to Saudi Cairo Bank for a 40% share, pursuant to Saudi Arabia's nostrification program. That same year, BC (51%) joined with Barclays Bank (49%) to form Cairo Barclays International Bank.
*1977 — BC joined with Banque Nationale de Paris (a successor to CNEP) to form Banque du Caire et de Paris.
*1978 — BC joined with several Korean banks and other investors to found Cairo Far East Bank. Korean Exchange Bank was the largest shareholder with 32% and other Korean banks held 17%. BC owns 19%.
*1970s — BC opened a branch at Manama in Bahrain and four in the UAE, at Abu Dhabi, Dubai, Sharjah, and Ras-al-Khaimah.
*1983 — Cairo Barclays International Bank changed its name to Banque du Caire Barclays International.
*1988 — Saudi Cairo Bank required recapitalization following difficulties, including earlier unauthorized speculation in precious metals by senior management. BC's share position fell to 20%.
*1995 — BC joined with Bank of Alexandria, National Bank of Egypt, Banque Misr and Kato Aromatics to found Cairo International Bank in Uganda.
*1997 — Saudi Cairo Bank merged with United Saudi Commercial Bank to form United Saudi Bank. BC's share position fell to 9.8%.
*1999 — Ownership of Banque du Caire et de Paris became BNP 76% and BC 22%. United Saudi Bank merged into Saudi American Bank. BC established representative offices at Kyiv in the Ukraine and Harare in Zimbabwe. Barclays increased its stake in Banque du Caire Barclays International to 60% by buying an additional 11% from Banque du Caire.
*2000 — Barclays bought out Banque du Caire's stake in Banque du Caire Barclays International.
*2007 — BC essentially withdrew from its ownership of (Cairo Amman Bank) in Jordan, with Banque Misr taking over its shares.
*2009 — Five shares of BDC are sold to Misr Investment Company, and another five to Egypt-Abu Dhabi Real Estate Investment Company.
*2010 — All shares owned by Banque Misr are transferred to Misr Investment Company.
*2018 — Launches a new leasing business under the name Cairo Leasing Corporation (CLC).
*2019 — The Central Bank of the United Arab Emirates approved establishment of a BC branch office in the UAE.

References

External links

English language Arabic language

{{Authority control

Banks of Egypt
Banks established in 1952
Companies based in Cairo
Egyptian companies established in 1952
Government-owned companies of Egypt
Government-owned banks