CI Affirms Export Development Bank of Egypt Ratings; Stable outlook

Capital Intelligence (CI) has announced that it has affirmed Export Development Bank of Egypt’s (EDBE) Financial Strength Rating (FSR) at ‘BB-‘, with the Outlook for the FSR reverting to ‘Stable’ from ‘Negative’.

The international credit rating agency said this reflects a growing customer deposit base and comfortable liquidity position, the rebound in both operating and net profitability, coupled with improved net interest margin (NIM), and a moderate capital adequacy ratio (CAR).