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.