CAIRO, Sept 23, 2018 (MENA) - Banque du Caire had achieved net profits worth LE1.2 billion during the first half of 2018, the bank board chairman and CEO Tareq Fayed revealed on Sunday. In a statement, Fayed said that the bank had managed to make a great leap in its financial indicators to generate profits of LE2.2 billion before deducting tax during the first half of 2018, compared to LE1.5 billion during the same period of 2017. The bank also succeeded in increasing its total loan portfolio during the first half of 2018 by 13% to register LE50.5 billion, versus LE44.5 billion in 2017, he added. The volume of micro-credit had reached LEone billion, an increase of 45%, during the first half of 2018, he said. The bank managed to raise the rate of portfolio of mortgage loans to hit LE1.4 billion during the same period of 2018, he noted. About 17,000 clients are benefiting from the Central Bank of Egypt's (CBE) initiative for mortgage financing, he said.
