Banque du Caire – Ratings Affirmed

19 August 2026

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Banque du Caire (BdC or the Bank) at ‘B’. At the same time, CI Ratings has affirmed BdC’s Bank Standalone Rating (BSR) of ‘b’ and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR remains Stable. The Core Financial Strength (CFS) rating is raised by one notch to ‘bb’ (from ‘bb-’).

Given the ownership, BdC’s LT FCR is closely correlated with the sovereign’s creditworthiness. Any improvement or deterioration in Egypt’s LT FCR and/or outlook will therefore have a corresponding effect on BdC’s ratings and outlook. The ESL of Moderate reflects the likelihood of official extraordinary support given BdC’s effective government ownership. Such an ESL would normally allow for a one-notch uplift for the Bank’s LT FCR. This is,…