EDBE Eyes EGP 170 Mln Net Profit In FY 2012/13

By Administrator On Jun 26, 2012

Export Development Bank of Egypt (EDBE) will approve its budget plan for the next fiscal year 2012/2013 in which the bank targets achieving net profit of EGP 170 million, with an increase of EGP 70 million from the expected profit for the current fiscal year.

The bank’s consolidated results for the first nine months of FY 2011/2012 showed achieving net profit of EGP 94.7 million, up from EGP 84.689 million for the same period in FY 2010/2011, with an increase of 11.8%.

Unaudited financial results showed that net profit reached EGP 70.713 million, up from EGP 140.857 million.