Egyptian Gulf Bank Approves 2011 Financial Results

Egyptian Gulf Bank’s ordinary general assembly approved board of directors’ report on EGB’s performance in FY ended on December 31st 2011 as well as auditor’s report on financial statements and financial results of FY 2011.

EGB also approved dividend distribution as recommended by board of directors for FY ended on December 31st 2011.

The Bank’s financial results showed that its net profit retreated by 65.7% as it achieved EGP 51.977 million in 2011, down from 151.495 million in 2010.

EBG’s issued and paid up capital is US$ 200.192, distributed over 200.192 million shares at a par value of one U.S dollar per share.

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