Banque Du Caire (BDC), Egypt’s 5th largest bank has fully recapitalised Cairo Bank Uganda as per the revised Bank of Uganda capital buffers, CEO East Africa can exclusively reveal. Banque Du Caire (BDC) owns 100% of Cairo Bank. “I do confirm that as of June 2023, Cairo Bank Uganda Ltd was complying with the minimum capital requirements. There was a capital injection from the shareholder Banque du Caire,” Sylvia Jagwe Owachi, the Executive Director of Cairo Bank told CEO East Africa Magazine in an emailed response. Cairo Bank was one of the undercapitalised banks as per the revised capital buffers…
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