Photo of people standing in the line to make withdrawals outside Banque Du Caire in downtown Cairo-Reuters
SHARM EL SHEIKH, Egypt, Dec 8 (MENA) - The Head of Banque du Caire Tarek Fayed said that the financial institution mulls during the coming period opening representation offices in Tanzania and Kenya.
The move comes within the framework of the bank's expansion plan in the African continent and the State's strategy to boost cooperation with Africa, he noted.
In statements to MENA on the sidelines of his participation in Africa 2018 Forum that kicked off here on Saturday, Fayed said that the African market has a promising future in the banking field which prompted the financial institution to acquire majority share in one of the banks in Uganda to be a starting point in the African banking market.
The bank mulls also opening offices in Russia and China to finance the trade and investment operations, he asserted, noting that it also finalized getting license to open another office in Dubai.
Work at Dubai's office will begin at the beginning of next year, Fayed added.