Banque du Caire reported solid financial results for the first nine months of 2026, supported by growth in core revenues, customer deposits and total assets, alongside a strong capital and liquidity position.
The Bank recorded consolidated net profit of EGP 13.1 billion for the nine months ended 30 September 2026, compared with EGP 12.5 billion in the corresponding period of 2025, representing an annual increase of 4.7%. Excluding the impact of three non-recurring income items recognised in the comparative period, net profit growth reached approximately 19%.
These exceptional items included income generated from an interest-free subordinated loan, which was repaid in December 2025; dividend income from the Bank’s former investment in the African Export-Import Bank (Afreximbank), which was subsequently sold; and foreign exchange gains associated with that investment.
Profit before tax reached EGP 19.2 billion, according to the Bank’s consolidated financial statements.
Growth in Core Revenues and Operating Income
Banque du Caire’s consolidated total operating income reached EGP 34.6 billion during the first nine months of 2026, compared with EGP 31.3 billion in the same period of the previous year.
Net interest income increased by 10.4% year on year to EGP 28.45 billion, while net fee and commission income grew by 13% to EGP 5.26 billion.
Core revenues, comprising net interest income and net fee and commission income, rose to EGP 33.7 billion, compared with EGP 30.4 billion in the corresponding period of 2025.
Administrative expenses increased by 18% to EGP 12.4 billion, reflecting the Bank’s continued investment in modernising its core banking systems and supporting digital transformation initiatives. The cost-to-income ratio stood at 36%.
Total Assets Exceed EGP 600 Billion as Customer Deposits Grow 17%
The Bank’s consolidated total assets increased by 11.2% from the beginning of the year to EGP 600.9 billion as of 30 September 2026, compared with EGP 540.4 billion at the end of December 2025. Assets also recorded quarterly growth of 7.1%.
Customer deposits rose by 17% to EGP 473.5 billion, representing an increase of approximately EGP 69 billion since the beginning of the year. Deposits also grew by 6.7% compared with the end of June 2026.
Retail customers accounted for 74% of the Bank’s total deposit base, while the share of current and savings accounts (CASA) increased by 130 basis points to 52.7%.
Gross loans to customers and banks increased by 11.3% to EGP 287.4 billion. Corporate lending grew by 12%, while retail lending increased by 10.2%. The gross loan-to-deposit ratio stood at 60.7%.
Total equity, including non-controlling interests, rose by 12.3% to EGP 70.3 billion at the end of September 2026.
Strong Asset Quality, Capital and Liquidity Indicators
Banque du Caire maintained sound asset quality, with its non-performing loan (NPL) ratio standing at 3.70% as of 30 September 2026, while the NPL coverage ratio reached 173.1%.
The adjusted NPL ratio, excluding loans granted before 2020, stood at 2.49% on a standalone basis.
Expected credit loss charges declined by 44% to EGP 2.1 billion during the first nine months of 2026, compared with EGP 3.8 billion in the same period of the previous year. Consequently, the cost of risk decreased to 1.03%, compared with 2.09% in 9M 2025.
The Bank maintained a strong capital base, with a capital adequacy ratio of 22.15% and a Tier 1 capital ratio of 18.73%.
Its liquidity position also remained robust, with a liquidity coverage ratio of 759% and a net stable funding ratio of 177.3%, both reported on a standalone basis.
Meanwhile, the annualised return on average equity reached 26.3%, the return on average assets stood at 3.1%, and the net interest margin was 7.2%.
Banque du Caire’s Third-Quarter 2026 Performance
During the third quarter of 2026, consolidated operating income increased by 2.2% quarter on quarter to EGP 11.8 billion, while core revenues rose by 1.7% to EGP 11.5 billion.
Consolidated net profit reached EGP 4.17 billion in Q3 2026, compared with EGP 4.8 billion in the second quarter, representing a quarterly decline of 13.1%.
The decrease was mainly driven by higher expected credit loss charges, which reached EGP 1.1 billion compared with EGP 489 million in Q2 2026, in addition to other expenses of EGP 231 million, versus other income of EGP 115 million in the previous quarter.
Overall, Banque du Caire’s performance in the first nine months of 2026 reflected continued growth in its core banking activities, customer deposits and asset base, supported by ongoing investment in digital transformation and strong capital and liquidity indicators.
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