{"id":560086,"date":"2021-02-15T04:01:20","date_gmt":"2021-02-15T04:01:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/"},"modified":"2021-02-15T04:01:20","modified_gmt":"2021-02-15T04:01:20","slug":"earnings-watch-export-development-bank-eg-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/","title":{"rendered":"Earnings watch: Export Development Bank, EG Bank"},"content":{"rendered":"<p><strong>The Export Development Bank of Egypt reported consolidated net profits of EGP <\/strong><strong>409.7 mn in 2H2020<\/strong>, down 32% y-o-y from EGP 602.8 mn, according to an <a href=\"https:\/\/ent.news\/2021\/2\/EBE-14-Feb-21.pdf\">EGX filing (pdf).<\/a><\/p>\n<p>Net interest income was EGP 105 mn lower than the year before due to the central bank\u2019s rate cuts.<\/p>\n<p><strong>EG Bank posted consolidated net profits of EGP 624.9 mn in 2020<\/strong>, a slight decline of 5% from EGP 658 mn a year earlier, according to an <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d9%85%d8%ac%d9%84%d8%b3%20%d8%a7%d9%84%d8%ae%d9%84%d9%8a%d8%ac%d9%89%2011-02-2021.pdf\">EGX filing (pdf).<\/a> Interest income declined to EGP 7.37 bn in 2020 from EGP 7.51 bn in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Export Development Bank of Egypt reported consolidated net profits of EGP 409.7 mn in 2H2020, down 32% y-o-y from EGP 602.8 mn, according to an EGX filing (pdf). Net interest income was EGP 105 mn lower than the year before due to the central bank\u2019s rate cuts. EG Bank posted consolidated net profits of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[302,409,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560086","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"3d95323f-195a-4ebd-ac3d-660a37c3883e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560073],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Earnings watch: Export Development Bank, EG Bank - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Export Development Bank, EG Bank\" \/>\n<meta property=\"og:description\" content=\"The Export Development Bank of Egypt reported consolidated net profits of EGP 409.7 mn in 2H2020, down 32% y-o-y from EGP 602.8 mn, according to an EGX filing (pdf). Net interest income was EGP 105 mn lower than the year before due to the central bank\u2019s rate cuts. EG Bank posted consolidated net profits of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-15T04:01:20+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Earnings watch: Export Development Bank, EG Bank\",\"datePublished\":\"2021-02-15T04:01:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/\"},\"wordCount\":89,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings\",\"earnings watch\",\"EnterpriseAM\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/\",\"name\":\"Earnings watch: Export Development Bank, EG Bank - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-02-15T04:01:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Earnings watch: Export Development Bank, EG Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Earnings watch: Export Development Bank, EG Bank - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/","og_locale":"en_US","og_type":"article","og_title":"Earnings watch: Export Development Bank, EG Bank","og_description":"The Export Development Bank of Egypt reported consolidated net profits of EGP 409.7 mn in 2H2020, down 32% y-o-y from EGP 602.8 mn, according to an EGX filing (pdf). Net interest income was EGP 105 mn lower than the year before due to the central bank\u2019s rate cuts. EG Bank posted consolidated net profits of [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-02-15T04:01:20+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Earnings watch: Export Development Bank, EG Bank","datePublished":"2021-02-15T04:01:20+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/"},"wordCount":89,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["earnings","earnings watch","EnterpriseAM"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/","name":"Earnings watch: Export Development Bank, EG Bank - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-02-15T04:01:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/15\/earnings-watch-export-development-bank-eg-bank\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Earnings watch: Export Development Bank, EG Bank"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":648804,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/12\/earnings-watch-orascom-elsewedy-electric\/","url_meta":{"origin":560086,"position":0},"title":"Earnings watch: Orascom, Elsewedy Electric","author":"enterpriseam admin","date":"12 April 2017","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric reported a 209% y-o-y increase in its consolidated net profit after minority interest to EGP 3.9 bn in 2016, according to its earnings filing. Revenues rose 30% y-o-y to EGP 24.6 bn during the year, the company said in its earnings release, which quotes CEO Ahmed\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576295,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/18\/earnings-watch-adib-al-ahly-misr-cement-qena\/","url_meta":{"origin":560086,"position":1},"title":"Earnings watch: ADIB, Al Ahly, Misr Cement Qena","author":"enterpriseam admin","date":"18 November 2020","format":false,"excerpt":"EARNINGS WATCH- Abu Dhabi Islamic Bank recorded net profits of EGP 884.3 mn in 9M2020, down 12.6% y-o-y from EGP 967 mn, according to an EGX filing. Al Ahly for Development and Investment\u2019s consolidated net profit fell to EGP 1.15 mn in 9M2020, down from EGP 11.26 mn in the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550938,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/earnings-watch-amoc-credit-agricole-export-development-bank-adib\/","url_meta":{"origin":560086,"position":2},"title":"Earnings watch: AMOC, Credit Agricole, Export Development Bank, ADIB","author":"enterpriseam admin","date":"15 May 2022","format":false,"excerpt":"EARNINGS WATCH- Alexandria Minerals Oil Company\u2019s (AMOC) bottom line rose roughly 638% in 9M 2021-2022 to EGP 762 mn, according to the company\u2019s financials (pdf). The company\u2019s revenues rose 72% y-o-y during the nine-month period to EGP 12.26 bn. Credit Agricole Egypt\u2019s bottom line rose 30% y-o-y in 1Q 2022\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651451,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/earnings-watch-union-national-bank-and-misr-cement-report-fy2016-results\/","url_meta":{"origin":560086,"position":3},"title":"Earnings watch: Union National Bank and Misr Cement report FY2016 results","author":"enterpriseam admin","date":"13 February 2017","format":false,"excerpt":"**Earnings watch: Union National Bank reported a 12.8% y-o-y rise in net profit to in FY2016 to EGP 180.5 mn from EGP 160 mn a year ago, the bank said in a statement. Interest income grew 65.2% y-o-y to EGP 1.73 bn from EGP 1.05 bn.Meanwhile, Misr Cement Qena reported\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576177,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/earnings-watch-raya-holding-allianz-egypt-prime-holding-al-baraka-domty-at-lease-eipico-national-bank-of-kuwait-mm-group\/","url_meta":{"origin":560086,"position":4},"title":"Earnings Watch: Raya Holding, Allianz Egypt, Prime Holding, Al Baraka, Domty, AT Lease, EIPICO, National Bank of Kuwait, MM Group","author":"enterpriseam admin","date":"12 November 2020","format":false,"excerpt":"EARNINGS WATCH- Raya Holding sees revenue growth and narrowing losses in 9M2020: Raya losses eased to EGP 53.6 mn during 9M2020 from EGP 58.1 mn a year earlier, according to a company earnings release (pdf). The company saw revenues reach EGP 7.56 bn in the first nine months of the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601546,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/earnings-watch-emaar-mm-group-gth-oriental-weavers\/","url_meta":{"origin":560086,"position":5},"title":"Earnings watch: Emaar, MM Group, GTH, Oriental Weavers","author":"enterpriseam admin","date":"4 March 2019","format":false,"excerpt":"EARNINGS WATCH- Global Telecom Holding returned to profit in 4Q2018, reporting a net profit of USD 98 mn compared to a loss of USD 136 mn during the comparable period a year earlier, the company said in a statement on its website (pdf). Revenues fell 3% year-on-year to USD 702\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=560086"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560086\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560073"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560086"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560086"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}