The Central Bank of Egypt (CBE) is studying delaying Banque du Caire’s (BDC) IPO and the sale of United Bank of Egypt (UBE) to 2018. The timing of UBE’s sale is subject to the completion of the bank’s restructuring, said its Chairman, Ashraf El Kady. He added that the sale of UBE will take place after completing the IPOs for BDC and Arab African International Bank (AAIB). BDC had previously announced that it is waiting for the expected changes in public banks’ boards, including BDC, in September 2017 in order for the new leadership to take part in promoting the offering of 20% of the bank’s shares, which is expected to raise EGP5-7bn (USD276-387mn).