EDBE To Increase Investments In T-Bills To 2.3 Bln In FY 2012/13

Export Development Bank of Egypt (EDBE) targets increasing the volume of investments in government debt instruments (treasury bills and bonds) to EGP 2.323 billion in FY 2012/2013, up from EGP 1.283 billion at the end of June 2012, said Maged Fahmy, chairman of the bank.

The bank also plans to increase its net profit during the same period by EGP 70 million to reach EGP 170 million, up from EGP 100 million at the end of FY 201/2012, Fahmy added.

Besides, the bank targets raising loans and credit facilities portfolio to EGP 6.4 billion, up from EGP 5.837 billion, in addition to increasing deposits to EGP 11.073 billion, up from EGP 9.575 billion.

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