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The independent financial statements of Banque du Caire during the first quarter of 2022 showed that good growth rates were still recorded, as the net profit at the end of March 2022 exceeded 0.8 billion pounds, and the net income from the return to 2 , 8 billion. pounds, compared to 2.5 billion pounds at the end of the first quarter of In 2021, with a growth rate of 12%, net income from fees and commissions increased by 18% to EGP 545 million, compared to EGP 461 million during the first quarter of 2021, which led to a 14% growth in operating income to EGP 3.5 billion, compared to EGP 3.1 billion pounds during the same comparative period.
Tariq Fayed: The bank’s operating income has grown due to the diversification of banking services provided to customers
Tarek Fayed, Chairman and CEO of Banque du Caire, said that the growth of the bank’s operating income was due to the diversification of banking services provided to customers, as well as due to the growth in the volume of loans and deposits. portfolios, indicating that the bank has continued to implement its expansion strategy to provide the best level of banking services.
The bank’s financial indicators showed that a strong capital base was maintained, as the total capital adequacy standard rate reached 16.62%, and the bank achieved a return on average equity at a rate of 15.75%, and a return on average assets of 1.2% at the end of March 2022, as total assets EGP amounted to 270 billion compared to At 255 billion pounds by the end of 2021, a growth rate of 6%.
The total loan portfolio for clients and banks increased by about 9 billion pounds to reach 119 billion pounds by the end of March 2022. Banque du Caire is also keen to strengthen and develop the portfolio in various sectors such as corporate finance, syndicated loans, medium, small and micro companies, in addition to retail banking services.
The credit portfolio of large companies and banks increased to around £ 59.2 billion at the end of the first quarter of 2022, compared to £ 54 billion at the end of 2021, with a growth rate of 10%.
During the first quarter of 2022, Banque du Caire was eager to participate in the financing of major projects, whether through government funding or development projects in various sectors, in particular the construction, real estate development, petroleum and food sectors, where the monetary limits of the structural finance sector portfolio and syndicated lending increased to £ 23.1 billion by the end of the quarter The first of 2022, compared to EGP 22.2 billion at the end of 2021.
Based on the vital role that small and medium-sized enterprises play in achieving development goals, the bank has achieved excellent results in financing this sector, as the total portfolio at the end of March 2022 amounted to £ 13.1 billion, compared to 11.7 billion pounds at the end of 2021, with a growth rate of 12%.
£ 40.5 billion in retail portfolio, with 5% growth rate
The retail loan portfolio increased by approximately EGP 2 billion, with a growth rate of 5% over the fiscal year 2021, bringing the total portfolio to approximately EGP 40.5 billion by the end of the first quarter of 2022, and the microfinance portfolio amounted to EGP 6. billion, with a growth rate of 8% over the fiscal year 2021. Microfinance clients had 174,000 clients at the end of the first quarter of 2022, compared to 162,000 clients at the end of 2021, and 36,000 loans were granted during the first quarter of 2022. this year, worth about £ 1.5 billion, as Banque du Caire is the first financial institution in Egypt. without the client needing to visit the branch’s headquarters, in an unprecedented step that strengthens the bank’s role in supporting the digital transformation system, which contributes to saving customers time and effort and facilitating procedures for customers to obtain loans, and in As part of the bank’s participation in the Central Bank’s real estate financing initiative, the percentage of new loans granted to customers an, increased by 52% during the first quarter of 2022 compared to the last quarter of 2021.
7.5 billion pounds, growth in client deposit portfolio to reach 205.8 billion pounds
In terms of the client deposit portfolio, the portfolio grew by 7.5 billion pounds, at a rate of 4%, to reach 205.8 billion pounds by the end of March 2022, compared to 198.3 billion by the end of December 2021. Customers, which led to new parties being attracted to trade with the bank, in addition to expanding the provision of a diversified portfolio of innovative products in local and foreign currencies at competitive interest rates.
315,000 subscribers to the mobile and internet banking services, with a growth rate of 22%
During the first quarter of 2022, the mobile and internet banking services saw a surge in the number of subscribers reaching about 315 000 customers, with a growth rate of 22%, compared to 259 000 customers at the end of 2021, and the client base for the “Cairo Cash” portfolio increased to 826. One thousand clients, with a growth rate of about 6% by the end of the first quarter of 2022, which is reflected in the increase in clients’ use of the portfolio with a growth rate of 10%.
The electronic acceptance services by the QR code also showed a growth rate of about 6% compared to the end of 2021, with the total number of merchants reaching 205 thousand merchants in the first quarter of 2022, and the percentage of customers’ uses of the Cairo Cash wallet for merchants rose to around 30% during the first quarter of this year 2022.
In the field of credit cards, the total number of cards at the end of the first quarter of 2022 amounted to approximately 165 thousand cards, an increase of 4%, and a balance estimated at 703 million pounds, an increase of 3% compared to the end of 2021, while the total portfolio of debit and prepaid cards of all kinds reached at the end of the quarter.The first of 2022, about 2.6 million cards of different types (direct debit, prepaid and payroll cards), an increase of 1.3% compared to the end of 2021, and the increasing demand for the use of contactless cards among merchants, as the total number of contactless card transactions during the first quarter of this year reached 189 thousand transactions .
£ 719 million, the total bank insurance portfolio
In the field of bank insurance, the bank offers a variety of insurance packages and programs of different durations and payment methods designed to meet the needs of different clients. The total bank insurance portfolio amounted to £ 719 million by the end of the first quarter. 2022, with a growth rate of 5% over the previous year, in line with the plan. The bank is committed to providing all services and solutions to serve the broad family sector enjoyed by Banque du Caire.
Banque du Caire offers a wealth service to large customers with the aim of expanding the portfolio of this segment of the bank’s current customers as well as attracting new customers by providing integrated banking services and solutions specifically designed to meet the needs of this segment of clients and to fit their lifestyle through a professional team of advisors. The number of GDP customers’ services “Tharwa Lounges” within the branches increased to 22 branches by the end of the first quarter, and it is aimed at reaching 33 branches by the end of 2022.
In the field of payroll customer service, the number of active accounts increased by 54% compared to the end of the previous year 2021, and the bank aims to develop banking services and products provided to companies and their employees and to attract very large companies. and institutions during 2022.
The remarkable progress in the bank’s performance in the field of retail banking has come as a result of professionalism and craftsmanship through the development of promotional programs and campaigns tailored to the needs of clients from different segments. segments of clients such as government employees, the public sector, the public business sector, employees in the private sector, business owners, pensioners, owners of deposits and savings certificates.
Banque du Caire was also keen to be an effective partner in all the initiatives launched by the state for specific customer segments, especially the property financing and car replacement initiatives.
248 bank branches and units in various governorates of the Republic
In terms of geographical expansion, the bank has opened and developed 4 branches, bringing the bank’s branch network to approximately 248 branches and banking units in various governors of the Republic by the end of the first quarter of 2022, to serve customers achieve wherever they are, and to provide them with banking services with the highest level of efficiency and quality in line with the latest standards applied worldwide.
During the first quarter of 2022, the Bank continued to launch its social initiatives to cover various vital sectors in the country to achieve development goals. In the field of training, rehabilitation and job creation, the Bank has launched the good loan project in collaboration with the Orman Association by funding 2,000 small projects for the most needy groups of youth and women breadwinners. In the form of good loans to help them set up sustainable income-generating projects, in addition to completing the “Skills Development and Crafts Training Project” in collaboration with the Egyptian Foundation for Integrated Development “Al-Nidaa” in the most needy towns in the governors of Qena and Luxor in Upper Egypt, to complete the success of the project, which provides Leading training opportunities for participants in the field of crafts made possible, which contributes to their economic empowerment. In support of the medical sector, the Bank has made donations to many hospitals, notably Ahl Masr Hospital for Free Burns Treatment, Dr. Magdy Yacoub Foundation for Heart Disease and Research, Baheya Hospital for Breast Cancer Treatment, in addition to supporting medical research and providing the necessary support to Childhood Cancer Hospital 57357 and Ayad Al Mostaqbal Hospital To treat cancer by providing chemotherapy drugs and buying 4 radiotherapy machines . In the field of education, the Bank offered scholarships to outstanding students in the private universities of King Salman, Al-Jalalah and the new Alamein. The Bank has also partnered with Injaz Egypt to support special programs for schools, as well as to launch a project to support outstanding young cadres for students of the Faculty of Fine Arts with the aim of developing their creativity and awareness of development goals. The sustainable development identified by the United Nations, in addition to the Bank’s collaboration with the ENACUTUS Egypt Foundation for Partnership on the Three-Dimensional Factors Program with the aim of linking students ‘and academics’ theoretical and scientific knowledge with entrepreneurial communities to real projects create what contributes economically, environmentally and socially to the development of societies. The first term of 2022 also witnessed the Bank’s continuation in launching its bGreen initiative to conserve the environment by completing the My Clean School initiative to spread environmental awareness among school children. The Bank also sponsored the annual Hope Village Association for Development and Social Festival. Rehabilitation for people of determination.