Cairo - Mubasher: Board members of Egypt’s leading investment bank EFG Hermes Holding gave a nod to reducing issued capital by EGP 184.78 million from EGP 3.26 billion to EGP 3.07 billion.

The capital reduction will be effected through cancelling 36.96 million treasury stocks, said a bourse filling Thursday.

EFG-Hermes earlier reported net profits of EGP 359.1 million for the first half of 2015, down 5.8% from EGP 381.6 million in the comparable period of the previous year.