The company’s performance is expected to improve with the support of pent-up demand from postponed weddings and national projects. It will be further supported by the launch of higher-quality products that will compete with the cheaper Turkish and Chinese variants.
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Investment income failed to support non-interest earnings as it fell by 61%
Net profits in Q2 of 2015 register EGP 431.2m
The company stated it achieved 9.9% profit growth over Q1 of 2015, compared to last year
The bank’s capital adequacy ratio stood at a strong level of 14.6%.
State-owned Banque du Caire aims to finance several projects the government will present in the March Economic Summit, said the bank’s Vice-Chairman Mohamed Taha. Taha said his bank has a large liquidity enabling it to expand in funding national projects, noting the bank will attend the Summit, and will study all proposed projects. In late …