Banque du Caire delivered solid financial performance during the first nine months of 2026, reflecting robust core profitability, healthy business growth, an improving funding mix and a strong capital position. Net profit increased by 19% after excluding the impact of three non-recurring income items recognised during the comparative period.
Consolidated Financial Statements – First Nine Months of 2026
The Bank achieved consolidated net profit of EGP 13.1 billion for the first nine months of 2026, compared with EGP 11.06 billion for the same period of 2025. Excluding the impact of three non-recurring income items recognised during the comparative period, consolidated net profit growth reached approximately 19%. These items comprised income generated from the interest-free subordinated loan, which was repaid in December 2025; dividend income from the Bank’s investment in the African Export-Import Bank (Afreximbank), which was subsequently sold; and foreign exchange gains associated with this foreign currency-denominated investment. Profit before tax reached EGP 19.2 billion, compared with EGP 15.9 billion for the same period of the previous year, an increase of 20.9%.
Consolidated total operating income for the first nine months of 2026 increased by 16.2% to EGP 34.6 billion, compared with EGP 29.74 billion in the same period of the previous year, driven by 14.8% growth in net interest income and 13.0% growth in net fee and commission income. Core revenues (net interest income plus net fee and commission income) rose by 14.5% to EGP 33.7 billion. Administrative expenses increased by 18.0% to EGP 12.4 billion, reflecting continued investment in core banking modernisation and digital transformation, with the cost-to-income ratio at 36.0%.
Consolidated total assets increased by 11.2% to EGP 600.9 billion at 30 September 2026, compared with EGP 540.4 billion at 31 December 2025, and by 7.1% from 30 June 2026. Customer deposits grew by 17.0%, or around EGP 69 billion, to EGP 473.5 billion (up 6.7% quarter on quarter), with retail customers accounting for 74% of the deposit base, and the CASA ratio improved by 130 basis points to 52.7%. Gross loans to customers and banks rose by 11.3% to EGP 287.4 billion (up 2.5% quarter on quarter), led by corporate lending, up 12.0%, and retail lending, up 10.2%, with a gross loan-to-deposit ratio of 60.7%. Total equity, including non-controlling interests, rose by 12.3% to EGP 70.3 billion.
Asset quality remained sound, with a non-performing loan ratio of 3.70% and coverage of 173.1% at 30 September 2026, with an adjusted NPL (Excluding the loans granted before 2020) ratio of 2.49% on a standalone basis, while expected credit loss charges declined by 44.0% to EGP 2.1 billion, compared with EGP 3.8 billion in the same period of the previous year, with cost of risk at 1.03% (9M 2025: 2.09%). The Bank maintained a strong capital base, with a capital adequacy ratio of 22.15% and a Tier 1 ratio of 18.73%, and a strong liquidity position, with a liquidity coverage ratio of 759.0% and a net stable funding ratio of 177.3% on a standalone basis. Annualised return on average equity was 26.3%, annualised return on average assets was 3.1%, and net interest margin was 7.2%.
In the third quarter of 2026, consolidated operating income rose 2.2% quarter on quarter to EGP 11.8 billion, with core revenues up 1.7% to EGP 11.5 billion. Net profit declined 13.1% to EGP 4.2 billion from EGP 4.8 billion in the second quarter, mainly reflecting higher expected credit loss charges of EGP 1.1 billion (Q2 2026: EGP 489 million) and other expenses of EGP 231 million, compared with other income of EGP 115 million in the second quarter.
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