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...
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