VOL. XXX

NO. 18

9-FEBRUARY-1987

Financial and Banking News

REGIONAL BANKING

EDBE Makes Cautious Start

The Export Development Bank of Egypt (EDBE) has announced its first set ofresults, covering the 17-month period from the start of its operations in earlyFebruary 1985 to the end of June 1986. These reveal conservative gearing and anet profit of E2.1mn on paid capital of E35.6mn and total assets ofE89.2mn. EDBE was set up in August 1983 to develop Egypt's export sector,encourage an increase in...