ArabFinance: Banque du Caire (BDC) (BQDC) has raised its stake in African Export-Import Bank (Afreximbank) to over 3%, a source familiar with the matter told Al Mal Newspaper.

It is worth noting that Afreximbank has signed a memorandum of understanding (MoU) with the National Bank of Egypt (NBE) at the Intra-African Trade Fair to promote trade and investment flows into Egypt.

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.