Export Development Bank of Egypt - Ratings affirmed; Financial Strength Rating Outlook Revised to Stable from Negative

Overview

Capital Intelligence (CI), the international credit rating agency, has today announced that it has affirmed Export Development Bank of Egypt's (EBE) Financial Strength Rating (FSR) at 'BB-', with the Outlook for the FSR reverting to 'Stable' from 'Negative', reflecting a growing customer deposit base and comfortable liquidity position, the rebound in both operating and net profitability, coupled with improved net interest margin (NIM), and a moderate capital adequacy ratio (CAR).

Attachments

• Credit Rating Announcement (CRA)
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• Bank Rating Report (Egypt, Export Development Bank of Egypt)
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