EBank’s EGM nods to capital increase

Updated 9/26/2023 9:16:00 AM
EBank’s EGM nods to capital increase

Arab Finance: The Export Development Bank of Egypt’s (EBank) extraordinary general meeting (EGM) has decided to raise the bank’s issued and paid-up capital EGP 6.601 billion from EGP 5.601 billion, the bank disclosed on September 26th.

The capital increase amounts to EGP 1 billion at a nominal value of EGP 10 per share.

EBank is an EGX-listed bank that offers banking and financial services, which encourage the export activities of the agricultural, industrial, commercial, and services sectors.

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