Mohamed Hamdy, Sayd Badr - 2013-10-09 11:31:35
The size of US $ dollar deposits of Banque Du Caire hit $1.5 billion at the end of September 2013, compared to $1 billion at the end of last March.
Mohamed Taha, the Deputy Chairman of the bank, said in an exclusive to Amwal Al Ghad, there are many customers who converted their money into local currency , fearing from the continued decline of US $ dollar which registering now EGP 6.90 for buying and EGP 6.92 for selling, but this affair won’t affect the US $ dollar portfolios of the bank.
Banque Du Caire has portfolio deposits up around EGP 54 billion in the last June, recording EGP 4.9 billion increasing in compared with the last year.
Taha has explained that the bank is currently exporting foreign currency significantly, in compared to the last period which the bank resorted to import foreign currency in order to create a confidence between the bank and the customers. More»