Egypt Resumes Valuation of Banque du Caire Ahead of Planned Stake Sale

The Egyptian government is reassessing the valuation of Banque du Caire, as announced by Prime Minister Moustafa Madbouly. This evaluation is necessary to reflect the bank’s current financial status and will inform decisions regarding the sale of its shares, amid the privatization program that includes both Banque du Caire and The United Bank.

On March 20, 2025, Prime Minister Moustafa Madbouly announced that the Egyptian government has engaged an advisor to reassess the valuation of Banque du Caire. This decision follows the realization that previous financial assessments are outdated and do not accurately reflect the current market conditions of the bank.

The new valuation will play a crucial role in determining the extent of shares to be sold, either to a strategic investor or via a listing on the stock market. Madbouly highlighted that this process will occur transparently, ensuring that both the government and the Central Bank of Egypt can make well-informed decisions.

The Prime Minister also mentioned that the ongoing privatization program encompasses both The United Bank and Banque du Caire. He addressed misinformation regarding the bank’s valuation, clarifying that reports indicating a worth of $1 billion or more are incorrect and misleading.

The Egyptian government is undertaking a new valuation of Banque du Caire to ensure that its financial standing is accurately represented prior to deciding on the sale of shares. Prime Minister Madbouly affirmed the commitment to transparency and informed decision-making in this privatization effort, while also correcting inaccurate report figures concerning the bank’s valuation.

Original Source: www.egypttoday.com