EDBE’s net income down one percent in 1H 2003

Egypt’s Export Development Bank (EDBE) a net income of 82.3 million Egyptian pounds in the first half of financial year 2003, a one percent drop compared to figures from the same period last year.  

The bank recorded a EP 40 million net income in the second quarter of the FY2003, a 5.4 percent drop compared to EP 42.3 million earned in the previous quarter. 

EDBE provides all banking operations required to develop Egyptian exports; creation and expansion of agriculture, industry and services; design and implementation of export credit guarantees and insurance schemes; export financing and refinancing; and export project financing. — (menareport.com) 

© 2003 Mena Report (www.menareport.com)