Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 10.44 million on the shares of Export Development Bank of Egypt (EBE).
The transaction was executed on 907,926 of the company's shares, according to a stock exchange statement on Wednesday.
Earlier this day, the bank announced approving the estimated budget for the year 2023, aiming to achieve EGP 1.44 billion in profits, compared to expected profits of EGP 1.22 billion by the end of 2022.
In the first nine months of 2022, EBE recorded consolidated net profits of EGP 993.53 million, a yearly jump of 125.60% from EGP 440.34 million, including minority shareholders’ rights.
The bank’s net interest income advanced to EGP 2.14 billion in the nine-month period ended 30 September 2022, compared to EGP 1.44 billion in the year-ago period.
