Export Development Bank’s Net Profit Hit EGP 107.7 Mln At End-Q1 2013

The Export Development Bank of Egypt’s (EDBE) unconsolidated net profit rose 52.3% (EGP 36.9 million) to reach EGP 107.7 million at the end of the first quarter of 2013, compared to EGP 70.7 million at the end of 2012.

The bank’s business results showed that its consolidated net profit surged 80.6% (EGP 76.3 million) to reach EGP 171.08 million at the end of March 2013, compared to EGP 94.7 million at the end of March 2012.