Banque du Caire has been ranked one of the top 100 Arab Banks for 2014 according to rankings by The Banker magazine, The Financial Times LTD affiliate. The Banker has been specialized for over 90 years in the assessing and ranking of the world banks in terms of their strength and profitability.
Banque du Caire achieved unprecedented rankings in the Top 100 Arab Banks for 2014:
- Ranked no 1 in Africa and Middle East for the Return on Capital.
- Ranked No 9 among the MENA Region banks and no. 3 in Egypt for the Return on Assets.
- Ranked No. 5 in Egypt for Assets.
It’s worth mentioning that Banque du Caire’s financial results in 2014 have showed an outstanding performance in achieving growth in assets besides a healthy credit portfolio and continuous enhancement of the bank’s competitiveness in the market which led Banque du Caire to the top rankings among the banks in 12 Arab Countries.
Mr. Mounir El Zahed – Chairman and CEO commented that these outstanding rankings reflect the bank’s distinctive position on the national and regional levels, and emphasizes the competence of the bank’s performance. El Zahed added that this achievement is a strong indicator of the strength and efficiency of the public sector banks and the Egyptian banking industry as a whole and proves their ability to support the Egyptian economy and development even under the current challenges that the country faces.
Mr. Mounir emphasized that these achievements came as a result of the hard work and professionalism in managing the banking system. Moreover, retaining these achievements and global rankings requires insistence to continue the hard work, face all challenges and have trust in the bank staff’s capability that keeps giving a professional and outstanding performance.