Export Development Bank of Egypt
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Native name | البنك المصري لتنمية الصادرات |
|---|---|
| Traded as | EGX: EXPA.CA |
| ISIN | 🆔 |
| Industry | Banking |
| Founded 📆 | 1983 in Cairo, Egypt |
| Founder 👔 | |
| Headquarters 🏙️ | Cairo, Egypt |
Number of locations | 29 branches (2012) |
Area served 🗺️ | |
Key people | Mervat Zohdy Soltan (executive director) |
| Services | investment banking, trade finance, credit cards, loans, financial services |
| Revenue🤑 | 2 billion Egyptian pounds[1] (2015) |
| 388.5 million Egyptian pounds[1][2] (2015) | |
| Members | |
Number of employees | |
| 🌐 Website | https://www.ebebank.com/ |
| 📇 Address | |
| 📞 telephone | |
The Export Development Bank of Egypt (Arabic: البنك المصري لتنمية الصادرات, EDBE for short) is an Egyptian bank established as a joint-stock company under Law No. 95 of 1983 to develop exports and support the development of the agricultural, industrial, commercial, and service export sectors. The bank began lending and accepting deposits in February 1985. Authorized capital was increased upon approval by the Cabinet of Egypt to 5 billion Egyptian pounds in 2018, with ownership divided into 23.13% by Banque Misr, 11.43% by the National Bank of Egypt, 40.75% by the National Investment Bank, and 24.96% publicly traded on the Egyptian Exchange.[3]
History[edit]
The Export Development Bank of Egypt was established under Law No. 95, and the bank began its activities officially in February 1985. It was established by the Government of Egypt to finance export development in the agricultural, industrial, commercial, and service sectors.
Services[edit]
By the end of 2012, the Export Development Bank had 21 branches around the country providing services such as investment banking, stock brokerage, credit cards, financial advice, loans, trade finance, export financing, and import substitution industrialization support.
Subsidiaries[edit]
The Export Development Bank has several subsidiaries, including the following:
- Egypt Capital Holding
- Global Holding Company for Development and Financial Investments
- Export Credit Guarantee Company of Egypt
The EDBE also owns a 40% stake in the following firms:
- Egyptians for Real Estate Investment Fund
- BETA Egypt for Urban Development[4]
See also[edit]
References[edit]
- ↑ 1.0 1.1 "Consolidated Financial Statements" (PDF). Export Development Bank of Egypt. 2015. Retrieved 14 May 2021.
- ↑ Abdullah, Salah El-Din (October 13, 2015). "26 % نموا في أرباح البنك المصري لتنمية الصادرات". Al-Wafd. Retrieved 14 May 2021.
- ↑ "Capital and Shareholders". Export Development Bank of Egypt. Retrieved 14 May 2021.
- ↑ "Profile". Export Development Bank of Egypt. Retrieved 14 May 2021.
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