Egyptian Export Development Bank’s deposits jump 4%

The total deposits of Export Development Bank of Egypt (EBE) have jumped 4.02 percent at the end of September 2015.

Bank’s standalone business statements showed that deposits volume hit 18.237 billion Egyptian pounds (US$2.3 billion) at the end of September 2015 opposed to 17.532 billion pounds at the end of June 2015.

The statements showed that the net loans of EBE have increased by 1.01 percent since they reached 9.399 billion pounds at the end of September 2015 compared to 9.305 billion pounds at the end of June 2015.

During the first quarter of current fiscal year, EBE has attained profits estimated at 99.2 million pounds versus 97.572 million pounds a year earlier.