Banque du Caire’s credit limit for international cards back to normal level

Updated 5/13/2024 7:56:00 AM
Banque du Caire’s credit limit for international cards back to normal level

Arab Finance: Foreign currency inflows have restored the credit limit of Banque du Caire’s international bank cards to its usual level, the bank’s Chairman Tarek Fayed said in an interview with Asharq Business on the sidelines of the IFC Day in Egypt.

The increase in cash flows to all Egyptian banks was facilitated by the reform program and the liberalization of exchange rates, Fayed noted.

He also stressed that there are no constraints on the availability of foreign currency needed by clients, whether individuals or corporates.

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