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Banque du Caire decides to disburse employees' share of profits for FY 2017 - Daily News Egypt

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Banque du Caire decides to disburse employees’ share of profits for FY 2017

Monthly allowance of employees increased, in addition to periodic, extraordinary bonuses

The board of directors of Banque du Caire approved the disbursement of the employees’ share of the profits of the fiscal year ending 31 December 2017, driven by the bank’s keenness to motivate employees and improve their financial situation.

This came after the approval of the bank’s general assembly of the financial statements, where it was decided to pay the periodic bonus of 10% on basic salary on 30 June 2018, next to an exceptional bonus added to the basic salary. The monthly allowance was also increased.

Moreover, a bonus worth an eight-month basic salary was decided to be disbursed to the bank’s employees, along with the profit share, bringing the total the employees received to 16 months, to motivate them and encourage them to continue improving.

According to Tarek Fayed, chairperson and CEO of the bank, improving the situation of the employees tops the bank’s priorities and the board of directors, who have been working to improve the standards of living of the bank’s employees.

He added that these measures come within the framework of a clear vision adopted by the board of directors to raise the level of income of workers to motivate them to do more and achieve better results.

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