Emirates NBD, the largest bank in Dubai, has dismissed rumors about acquiring Banque du Caire, an Egyptian bank. Recently, reports suggested that Emirates NBD was looking into buying a stake in the Egyptian bank. However, the Dubai-based bank has firmly denied these claims.
The reports about a potential acquisition of Banque du Caire first surfaced in early March 2025. According to the media, Emirates NBD was conducting due diligence in preparation for the deal. However, Emirates NBD clarified the situation in an official statement. The bank mentioned that it regularly explores growth opportunities, both organic and inorganic, but no significant developments have taken place. Therefore, there was no need for an official announcement.
Furthermore, Emirates NBD emphasized that if any material changes occurred, they would inform the public as required by law. The bank assured that all updates would be made transparently. It also reiterated its commitment to following regulatory guidelines.
The rumors about acquiring Banque du Caire are part of ongoing speculation about possible acquisitions by Emirates NBD. Since January 2023, there have been many stories connecting the bank to potential deals in various countries. However, the bank’s recent clarification has put an end to these specific reports. It confirmed that no such plans are in place at this time.
In conclusion, Emirates NBD is not currently pursuing any acquisition of Banque du Caire. The bank remains open to opportunities but has no new developments to announce. For now, the speculation can be considered untrue.
