EBRD and British International Investment provide $100mln subordinated loan to Banque du Caire

EBRD and British International Investment provide $100mln subordinated loan to Banque du Caire

- EBRD and British International Investment joint financing to strengthen Banque du Caire’s Tier II capital growth plans

- EBRD to provide further technical support to improve BDC’s corporate climate governance practices

- BII to provide guidance for management of environmental and social risk to enhance reputation

The European Bank for Reconstruction and Development (EBRD) and British International Investment (BII) are providing a US$ 100 million subordinated loan to Banque du Caire (BDC), one of Egypt’s largest banks, strengthening BDC’s Tier II capital. This facility will support the growth plans of Banque du Caire and optimise its capital structure.

Providing long-term, Tier II funding will accelerate BDC’s ambitious growth plans, increasing its capital and guaranteeing the availability of much-needed funds to enhance BDC’s growth within various sectors of the market. With one of Egypt’s largest branch networks (248 branches nationwide), a market-leading position in microfinance, and a strategic push towards digital distribution channels, BDC is well placed to serve market segments that are critical for advancing financial inclusion in the country.

As part of the cooperation, the EBRD will support BDC in implementing a corporate climate governance action plan (CCGAP), helping to integrate climate change considerations into the bank’s corporate practices, in accordance with the