National Real Estate Bank for Development’s losses shrink 91% YoY in 2022

Updated 3/16/2023 10:10:00 AM
National Real Estate Bank for Development’s losses shrink 91% YoY in 2022

Arab Finance: National Real Estate Bank for Development’s net losses after tax dropped 91.3% year on year (YoY) in 2022, according to a financial statement filed to the EGX on March 16th.

Net losses after tax fell to EGP 3.91 million in 2022 from EGP 45.16 million in 2021.