Cairo – Mubasher: The ordinary general meeting of Export Development Bank of Egypt (EDBE) approved the estimated budget for the fiscal year 2016/17.
The company’s estimated budget targets net profits of EGP 438.8 million ($49.2 million) in FY 16/17, compared with EGP 397 million ($44.5 million) in the budget of FY15/16.
The lender reported net profits of EGP 302.13 million for the financial period from July to March 2016/17.
