Latest news with #BanqueDuCaire
Zawya
29-05-2025
- Business
- Zawya
Egypt: Banque du Caire reports 45% YoY profit growth in Q1 2025
Arab Finance: Banque du Caire recorded a 45% year-on-year (YoY) increase in net profits after tax for the first quarter (Q1) of 2025, reaching EGP 3.4 billion, up from EGP 2.4 billion, as per an emailed statement. The growth was supported by improved performance across retail, treasury, corporate credit, and SME segments. Net interest income rose by 30% YoY during the quarter. Operating revenues also saw a notable rise, reaching EGP 9.8 billion, compared to EGP 7.8 billion in Q1 2024, marking a 26% YoY increase. The bank's total loan portfolio grew by 5% to EGP 240 billion by the end of March 2025. This was driven by an EGP 9.6 billion increase in corporate and bank loans, and an EGP 2.6 billion rise in retail loans. Customer deposits rose by 5% to EGP 369 billion at the end of March 2025, up from EGP 352 billion at the end of December 2024. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
21-05-2025
- Business
- Zawya
Beltone Leasing closes second securitization bond
Cairo: Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, has concluded its second securitization issuance in less than a year, with a total value of EGP 2 billion. Beltone Investment Banking's Debt Capital Markets Division acted as financial advisor, lead manager, and bookrunner, according to a press release. This transaction was executed through Beltone Securitization Company and rated by Middle East Rating and Investors Services (MERIS), with a minimum credit rating of 'A'. The issuance was structured into three tranches valued at EGP 731 million, EGP 698 million, and EGP 581 million, respectively. Underwriting was led by Banque du Caire, Suez Canal Bank, and First Abu Dhabi Bank Egypt (FABMISR). Banque du Caire served as placement agent, while Suez Canal Bank acted as custodian. The offering attracted strong investor interest, with participation from Emirates NBD Egypt, Société Arabe Internationale de Banque (SAIB), and Attijariwafa Bank. ALC Al-Weshahi and Partners provided legal counsel, whereas KPMG acted as external auditor. Amir Ghannam, Deputy Head of Non-Banking Financial Services for Leasing, Factoring, and Consumer Finance, said: 'This second issuance is a significant milestone that reflects our commitment to developing financing solutions that meet the evolving needs of our clients' needs and contribute to sustainable growth in the financial sector." The EGX-listed firm posted consolidated operating revenues of EGP2.80 billion in the first quarter (Q1) of 2025.
Zawya
20-05-2025
- Business
- Zawya
Beltone Leasing and Factoring successfully closes second securitization bond in less than 9 months for EGP2bln
Cairo: Beltone Holding ("Beltone") announces that its wholly owned subsidiary, Beltone Leasing and Factoring, has successfully concluded its second securitization issuance in less than a year, with a total value of EGP2 billion. Led by Beltone Investment Banking's Debt Capital Markets Division as financial advisor, lead manager, and bookrunner, the transaction reinforces Beltone's position as a key player in Egypt's capital markets. The issuance was executed through Beltone Securitization Company and rated by Middle East Rating and Investors Services (MERIS). Underwriting was led by Banque du Caire, Suez Canal Bank, and First Abu Dhabi Bank Egypt (FAB Misr). Banque du Caire also served as placement agent, while Suez Canal Bank acted as custodian. The transaction attracted strong investor interest, with participation from Emirates NBD Egypt, Société Arabe Internationale de Banque (SAIB), and Attijariwafa Bank. ALC Al-Weshahi & Partners provided legal counsel, and KPMG acted as external auditor. 'Completing two securitization issuances in less than a year reaffirms the strength and resilience of our portfolio, as well as the market's confidence in our strategic growth plans,' said Amir Ghannam, Deputy Head of Non-Banking Financial Services for Leasing, Factoring, and Consumer Finance. 'This second issuance is a significant milestone that reflects our commitment to developing financing solutions that meet the evolving needs of our clients' needs and contribute to sustainable growth in the financial sector." Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets, added: 'This transaction showcases our strong structuring capabilities and our agility in executing securitization deals that align with the demands of the debt market. We're proud to be driving the development of a more dynamic, accessible financial ecosystem that empowers businesses and expands access to diversified debt financing solutions.' Its worth noting that the issuance was executed through Beltone Securitization Company and rated by MERIS, it was structured into three tranches: EGP731 million (25 months), EGP698 million (37 months), and EGP581 million (54 months), each with a minimum credit rating of 'A'.
