Banque du Caire Sets 30% EGX Listing Through Banque Misr Share Sale
The lender will offer 4.575 billion existing shares in a two-tranche sale, with subscriptions closing in late October and trading expected to start in November.
Tariq Benali Tariq Benali covers business and corporate news across the UAE and MENA for Anecdoted, tracking the deals, leadership moves and regulatory shifts behind the region's companies. tariq@anecdoted.com
Banque du Caire plans to list 30% of its issued share capital on the Egyptian Exchange, a transaction built on the sale of 4.575 billion existing shares held by Banque Misr rather than the issue of new stock. EFG Hermes, acting as a manager and international coordinator on the deal, said the plan was announced on Sunday.
Subscriptions are expected to close in late October, with trading due to begin in November provided the necessary regulatory approvals come through. The offering is split in two: a private placement for qualified investors in Egypt and several international markets, including qualified institutional investors in the United States, and a public offering for retail investors in Egypt.
Approvals still outstanding include clearance from the Financial Regulatory Authority for the public offering prospectus and the share registration, along with consents from the exchange.
Terms not yet disclosed
The bank has not set out the offering price, the proceeds it hopes to raise, or how shares will be divided between the public and private tranches.
Advisers on the deal
CI Capital holds the lead manager and international coordinator roles. EFG Hermes works alongside it as manager and international coordinator, while Baker McKenzie and Helmy, Hamza & Partners provide legal advice.
Hussein Abaza, the bank's managing director and chief executive, called the offering a milestone in its development, pointing to operations spanning retail and corporate banking, small and medium-sized enterprises and microfinance. He said he looks forward to welcoming new investors.
First-half earnings
Net profit after tax reached $169.7 million (EGP 8.9 billion) in the first half of 2026. Net interest income came to $358.4 million (EGP 18.8 billion) and net fee and commission income to $64.8 million (EGP 3.4 billion).
Total assets stood at $10.70 billion (EGP 561.2 billion) at the end of June. The loan book reached $5.34 billion (EGP 280.3 billion), deposits $8.46 billion (EGP 443.9 billion) and total equity $1.27 billion (EGP 66.8 billion). The capital adequacy ratio was 22.1%.
Net interest margin for the half was 7.4%, while annualized return on average equity was 27.6%. The non-performing loan ratio, including loans and advances to banks, stood at 3.7% at the end of June.
Branch network and loan mix
About 3.2 million customers are served through 233 branches, a network the bank intends to take to 242 after openings scheduled for late 2026 and across 2027. It operates 2,205 ATMs.
- Retail loans: $1.87 billion (EGP 98.1 billion)
- Corporate loans: $2.19 billion (EGP 115 billion)
- SME financing: $398.4 million (EGP 20.9 billion)
- Microfinance: $167.7 million (EGP 8.8 billion)
The listing follows a transformation program launched in 2018 to reinforce the bank's financial position and improve its risk management and digital services. Current and savings account deposits accounted for 53.4% of total deposits at the end of June 2026, up from 35.2% in 2017, raising the weight of lower-cost funding.
