ArabFinance: The retail loans portfolio of Banque du Caire (BDC) (BQDC) has recorded EGP 43 billion during the first 11 months of 2021, the bank’s Head of Retail Banking and Microfinance Mohamed Tharwat told Al Borsa Newspaper.

The portfolio is expected to reach EGP 43.5 billion by the end of December 2021, Tharwat pointed out.

The bank’s mortgage finance portfolio amounted to EGP 2.8 billion in the January-November 2021, and is expected to reach EGP 2.9 billion by the end of this month, he added.

Meanwhile, BDC’s microfinance portfolio recorded EGP 5.5 billion during the period from January until November 2021, he said.

Moreover, the bank is currently mulling over signing protocols with a number of real developers to provide funding for residential units’ middle-income buyers, Tharwat remarked.

BDC, the 99.9%-owned by Egypt's second-largest state-owned bank Banque Misr, is the sixth-largest bank in Egypt in terms of total assets, acquiring a 3% market share in system-wide loans and deposits.

The bank also has the third-biggest customer base, with over 3 million customers.