Cooperative Insurance Society Egypt (CIS Egypt) is negotiating to offer the country's third largest state bank, Banque du Caire coverage against credit and non-payment risks. The coverage will be for the finances Banque du Caire provided for small and medium-sized projects, CIS deputy general manager Moustafa Aboul Azem told Amwal Al Ghad on Monday. Banque du Caire has allocated around 1.5 billion Egyptian pounds ($79.3 million) to finance small and medium-sized projects throughout the second quarter of the current year. "We are also in talks with the Egyptian Agricultural Bank to provide credit risks coverage as well." Aboul Azem added.