Cairo – Mubasher: National Real Estate Bank for Development reported an increase in FY15 by 53% year-on-year to EGP3.22 million from EGP6.8 million, the bank’s financial results indicated.

The board of directors will hold the ordinary general meeting on 29 May 2016 for looking into 2015 financial statements as well as the reports of the auditor and board.

In the first nine months of 2015, the company’s net profit reached EGP2.1 million, compared to a net of EGP6.74 million for the year-ago period.