Cairo – Mubasher: The board of Export Development Bank of Egypt (EBank) passed a capital hike to EGP 13.60 billion from EGP 9.89 billion, according to a bourse disclosure.

The lender will increase its issued and paid-up capital by EGP 3.70 billion through the distribution of a stock dividend of 0.37 per share.

In 2024, EBank logged higher consolidated net profits after tax at EGP 5.21 billion, compared to EGP 3.40 billion in 2023.