Banque du Caire intends to offer 30% of its shares on the Egyptian Stock Exchange

Listen to the article. The audio text is automated, generated by an automated system

Banque du Caire announced its intention to offer 30% of its capital on the Egyptian Stock Exchange, through the sale of 4.575 billion outstanding shares owned by Banque Misr, in a public offering to the public inside Egypt and a private offering to qualified investors in Egypt and a number of international markets.

The bank explained, in a statement, that the offering is currently subject to completing the necessary regulatory approvals, including the approval of the Financial Regulatory Authority for the offering prospectus, listing the bank’s shares, and obtaining the approvals of the Egyptian Stock Exchange.

Subscription to the offering is expected to be completed near the end of October 2026, with trading in the shares to begin during November 2026, according to the statement, subject to obtaining the necessary regulatory approvals.

The offering includes two tranches, the first a private offering to qualified investors in Egypt and a number of countries, including qualified institutional investors in the United States, and the second a public offering for subscription in Egypt.

Banque Misr is the selling shareholder in the process, as the offering includes the sale of existing shares representing 30% of the issued capital of Banque du Caire.

Hussein Abaza, Managing Director and CEO of Banque du Caire, said that offering the bank’s shares on the Egyptian Stock Exchange represents an important milestone in its history extending for more than 70 years.

The bank appointed CI Capital Investment Banking Company as the main global coordinator and joint book-manager, and it also appointed EFG Hermes as the joint global coordinator and joint book-manager.

Baker McKenzie LLP provides legal advice to the bank and Banque Misr regarding American and English law, while Helmy, Hamza & Partners, a member of the Baker McKenzie International network, provides legal advice in accordance with Egyptian law.

The bank said that since 2018, it has implemented a multi-year transformation program aimed at strengthening its financial position, improving the financing structure and profitability, and developing risk management and the physical and digital infrastructure.

The ratio of low-cost current and savings accounts (CASA) increased from 35.2% in 2017 to 53.4% ​​at the end of June 2026, and the net interest margin (NIM) increased from 3.6% to 7.4% during the same period.

Net commission and fee income increased from 900 million pounds in 2017 to 6.5 billion pounds in 2025, while the cost-to-income ratio decreased from 48.7% to 35.9% by the end of June 2026.

The percentage of non-performing loans, including loans and facilities granted to banks, also decreased from 5% in 2017 to 3.7% by the end of June 2026, and declines to 2.5% when excluding old loans.

Banque du Caire achieved net profits after taxes amounting to 8.9 billion pounds during the first half of 2026, while net interest income recorded 18.8 billion pounds, and net income from commissions and fees 3.4 billion pounds.

The net interest margin on an annual basis reached 7.4%, while the return on average equity recorded 27.6% during the period.

In terms of the financial position, the bank’s total assets recorded 561.2 billion pounds at the end of June 2026, compared to total loans amounting to 280.3 billion pounds, deposits amounting to 443.9 billion pounds, and property rights amounting to 66.8 billion pounds. The capital adequacy rate reached 22.1% at the end of June 2026.