The EBE Ordinary General Assembly unanimously agreed to
increase the bank’s issued and paid-up capital from EGP 3.274 billion to EGP 5.274
billion.
Cairo- Feb 7, 2022
Minster of Trade and Industry
Nevine Gamea has chaired the meeting of the Ordinary General Assembly of the
Export Development Bank of Egypt (EBE), in the presence of Chairman Mervat
Sultan, Vice Chairman Ahmed Galal, members of the board, shareholders, representatives
of the Central Bank of Egypt and a number of ministries, in addition to
auditors from the Central Auditing Organization.
The assembly unanimously agreed to
increase the bank’s issued and paid-up capital from EGP 3.274 billion to EGP 5.274
billion, and also approved its planning budget for the current year,
January-December 2022.
“EBE had an important role in the
payout of the export subsidy arrears to exporters, which gave a significant boost
to Egyptian exports during 2021,” Gamea said.