The Banking Executive Magazine - March 2021

Banque du Caire Banque du Caire RECEIVES HIGHEST CREDIT RATING GIVEN TO EGYPTIAN BANK Capital Intelligence Ratings (CI Rat- ings) has affirmed Banque du Caire’s credit rating at B + with a stable out- look, which is the highest credit rat- ing given by the credit rating agency to an Egyptian bank, the Chairman and CEO of Banque du Caire, Tarek Fayed said. The credit rating agency cited the bank’s diversified business model and quality of management as main factors in its credit rating, Fayed added in a statement on Sunday. The bank’s rating was also based on its high profitability, ability to main- tain an adequate return on average assets (ROAA), broad retail-based de- posit funding profile, and adequate buffer of liquid assets. The rating reflects the bank’s success- ful development plans and business strategy despite the challenges facing the sector due to the pandemic, he noted. ISSUE 147 MARCH 2021 the BANKING EXECUTIVE 21