EDBE secures $15mln loan from Green for Growth Fund

The bank will finance its clients in the areas of energy conservation

ArabFinance: The Export Development Bank of Egypt’s (EDBE) (EXPA) has secured a $15-million loan from Green for Growth Fund, according to the bank’s statement filed to the Egyptian Exchange.

The bank will finance its clients in the areas of energy conservation, the statement highlighted.

EDBE reported a consolidated net profit of EGP 1.104 billion in FY 2019/2020, compared to EGP 1.117 billion achieved in FY 2018/2019.

EDBE is an Egypt-based public shareholding company that operates in the banking sector. The bank offers banking and financial services, which encourage the export activities of the agricultural, industrial, commercial, and services sectors.

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