Banque du Caire Reports EGP 13.1 Billion in Nine-Month 2026 Net Profit
Banque du Caire reported consolidated net profit of EGP 13.1 billion for the first nine months of 2026, compared with EGP 12.52 billion in the corresponding period of 2025, according to its financial statements. Profit before tax increased by 8.1% to EGP 19.2 billion.
The bank said underlying net profit growth reached approximately 19% after excluding three non-recurring income items recorded in the comparative period: income from an interest-free subordinated loan repaid in December 2025, dividends from its investment in Afreximbank, which was subsequently sold, and related foreign exchange gains.
Business and Revenue Growth
Consolidated assets expanded by 11.2% year to date to EGP 600.9 billion at the end of September 2026, compared with EGP 540.4 billion at year-end 2025.
Customer deposits rose 17% to EGP 473.5 billion, adding approximately EGP 69 billion. Retail customers represented 74% of the deposit base, while the CASA ratio improved to 52.7% from 51.4%.
Gross loans to customers and banks increased 11.3% to EGP 287.4 billion, supported by growth of 12% in corporate lending and 10.2% in retail lending.
According to the consolidated income statement, operating income reached EGP 34.56 billion. Core revenues, comprising net interest income and net fee and commission income, totalled EGP 33.72 billion.
Net interest income increased 10.4% to EGP 28.45 billion, while net fee and commission income grew 13% to EGP 5.26 billion.
Administrative expenses rose 18% to EGP 12.44 billion, reflecting continued investment in core banking systems and digital transformation. The cost-to-income ratio stood at 36%.
In Q3 2026, operating income increased 2.2% quarter on quarter to EGP 11.8 billion. However, net profit declined 13.1% to EGP 4.17 billion from EGP 4.8 billion in Q2, mainly due to higher expected credit loss charges, which reached EGP 1.1 billion, compared with EGP 489 million, and other expenses of EGP 231 million.
Asset Quality and Capital Strength
The bank maintained an NPL ratio of 3.70%, with coverage reaching 173.1%. Its adjusted NPL ratio, excluding loans granted before 2020, stood at 2.49% on a standalone basis.
Expected credit loss charges fell 44% to EGP 2.1 billion, down from EGP 3.8 billion, while the cost of risk declined to 1.03% from 2.09%.
The capital adequacy ratio reached 22.15%, with a Tier 1 capital ratio of 18.73%. Annualised return on average equity stood at 26.3%, return on average assets at 3.1%, and net interest margin at 7.2%.
Total equity, including non-controlling interests, increased 12.3% to EGP 70.3 billion at the end of September 2026.
