Banque du Caire has announced an indicative price range of EGP 4.82 to EGP 5.30 per share for its proposed initial public offering (IPO) on the Egyptian Exchange (EGX), covering 4.575 billion existing ordinary shares, representing 30% of the bank’s issued share capital
In a statement dated October 18, 2026, the bank said the offering would involve a secondary sale by Banque Misr, the selling shareholder, rather than the issuance of new shares. The offering size is expected to range between EGP 22.05 billion and EGP 24.25 billion, implying a market capitalization of between EGP 73.51 billion and EGP 80.83 billion
The offering will comprise two tranches: a private offering of 4.34625 billion shares to qualified investors in Egypt and selected international markets, and a public offering of 228.75 million shares open for subscription in Egypt
Banque du Caire IPO Timeline
The book-building period for the private offering and the subscription period for the public offering are scheduled to begin on Monday, October 19, 2026.
The private offering is expected to close on Friday, October 23, while the public offering will remain open until Wednesday, October 28. The final offer price is scheduled to be announced no later than Monday, October 26, with trading expected to commence in early November, subject to the required regulatory approvals
Hussein Abaza: IPO Marks Important Step in Bank’s Development
Hussein Abaza, Managing Director and Chief Executive Officer of Banque du Caire, said the announcement of the indicative price range marks an important step toward the bank’s shares beginning to trade on the Egyptian Exchange.
He added that Banque du Caire has built a diversified banking franchise spanning retail, corporate, small and medium-sized enterprises (SMEs), and microfinance, supported by a strategy focused on profitable margins, disciplined risk and portfolio management, and maintaining a strong balance sheet.
Abaza said the bank looks forward to welcoming new investors and engaging with the market as it enters the next phase of its development as a publicly listed institution
Banque du Caire Reports EGP 8.9 Billion Net Profit in H1 2026
Banque du Caire reported net interest income of EGP 18.8 billion in the first half of 2026, alongside net fee and commission income of EGP 3.4 billion and net profit after tax of EGP 8.9 billion
The bank’s annualized net interest margin stood at 7.4%, while its return on average equity reached 27.6%
As of June 30, 2026, total assets amounted to EGP 561.2 billion, supported by gross loans of EGP 280.3 billion and deposits of EGP 443.9 billion. Total equity reached EGP 66.8 billion, while the capital adequacy ratio stood at 22.1%.
The bank also reported improvements in key operating indicators. The ratio of current and savings accounts to total deposits increased from 35.2% in 2017 to 53.4% in June 2026, while the net interest margin rose from 3.6% to 7.4% over the same period. Net fee and commission income increased from EGP 0.9 billion in 2017 to EGP 6.5 billion in 2025, while the cost-to-income ratio declined from 48.7% to 35.9% as of June 2026.
Asset Quality and Nationwide Presence
The bank’s non-performing loan ratio, including loans and advances to banks, declined from 5% in 2017 to 3.7% as of June 30, 2026. Excluding legacy loans granted before 2020, the ratio stood at 2.5%, according to management information.
Banque du Caire operates a network of 242 branches and banking outlets and 2,205 ATMs across Egypt’s 27 governorates, serving approximately 3.2 million customers. Its business spans retail banking, microfinance, SMEs, corporate banking, and financial institutions
The bank’s transformation program, launched in 2018, has focused on strengthening its balance sheet, optimizing its funding mix, improving profitability, enhancing risk management, and modernizing its physical and digital infrastructure
CI Capital and EFG Hermes Appointed as Joint Global Coordinators
Banque du Caire has appointed CI Capital Investment Banking as Lead Global Coordinator and Joint Bookrunner, and EFG Hermes Promoting & Underwriting as Joint Global Coordinator and Joint Bookrunner.
Baker McKenzie LLP has been appointed legal counsel to the bank and Banque Misr on US and English law, while Helmy, Hamza & Partners, a member firm of Baker McKenzie International, will provide Egyptian legal counsel
The offering remains subject to the completion of the necessary regulatory procedures and approvals. Investors in Egypt are expected to rely on the approved public subscription notice for information related to the offering
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