Cairo – Mubasher: Export Development Bank of Egypt (EDBE) posted a 8.8% decline year-on-year in its net profits during the fiscal year ended 30 June 2016, according to a bourse statement.

Consolidated profits reached EGP 354.4 million in FY15/16, compared to EGP 388.5 million in FY15/16. 

EDBE coupon rate reached EGP 0.5.

Unconsolidated profits fell 5.1% in FY15/16, compared to figures from last fiscal year.

Standalone profits reached EGP 336.1 million in FY15/16, compared to EGP 354.1 million in FY14/15.