Latest news with #EBank
Zawya
15-05-2025
- Business
- Zawya
Egypt: Ebank's consolidated profits surge 24.47% YoY in Q1
Arab Finance: Export Development Bank of Egypt (EBank) has reported a 24.47% year-on-year (YoY) climb in consolidated profits after tax and minority interest during the first quarter (Q1) of 2025, according to the lender's financial statement. The bank's consolidated profits excluding minority interest rose to EGP 1.352 billion in Q1 2025 from EGP 1.087 million in Q1 2024. Meanwhile, net interest income surged to EGP 2.327 billion in the three-month period ended March 31st from EGP 1.972 billion in the same period a year earlier. The bank generated EGP 1.319 billion in standalone net profits, up from EGP 1.031 billion. EBank is an EGX-listed bank that offers banking and financial services, which encourage the export activities of the agricultural, industrial, commercial, and services sectors. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
24-04-2025
- Business
- Zawya
Egypt: EBank's board greenlights capital raise to $266mln
Egypt - Export Development Bank of Egypt's (EBank) board approved increasing the issued and paid-up capital to EGP 13.60 billion from EGP 9.89 billion, as per a bourse disclosure. The bank will increase its capital by EGP 3.703 billion through the distribution of a stock dividend of 0.374:1 shares. EBank recorded net profits attributable to the shareholders valued at EGP 5.203 billion in 2024, an annual surge of 54.15% from EGP 3.375 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
23-04-2025
- Business
- Zawya
Arkan Palm signs construction contract to build EBank's headquarter in 205 Project's Financial District
In the continuity of the unique contracting series and the keenness of big corporates and entities to be located in Sheikh Zayed 205 Project, Arkan Palm for Real Estate Development, a subsidiary of Badr El -Din Group, has signed a contract with the Export Development Bank of Egypt (EBank) to construct the bank's headquarter at the Financial district. Leadership officials from both sides attended the signing ceremony of the contract that includes completing the construction work of the building within two years, while the bank is set to fully finish and outfit it. 205 Project, is a partnership between Arkan Palm for Real Estate Development and New Urban Communities Authority (NUCA), and spreads over an area of 205 acres in Sheikh Zayed. It is a commercial, residential, administrative, entertaining and hotel project. The project includes three hotels, as the International Hotels Group (IHG) is assigned to operate them. It also includes the tallest skyscrapers in Sheikh Zayed and West Cairo as of height 135 meters above the sea level, each of them comprises 40 stories. One Kilometer of 205 Project's southern side overlooks '26th of July axis' and 1.2 kilometers of the northern side overlooks on Al Bostan St. in Sheikh Zayed, where all the most famous brands are located, such as 'Arkan', 'American Plaza'. Only 30% of the land is developed. The rest remains open and green, with a two-kilometer-long river flowing through the space, elegantly separating the residential areas from the community and business zones. 'Arkan Palm is set to continue signing of contracts with big entities in various sectors to be located in the heart of its distinguished 205 Project, as the company is offering through it a unique experience in the integrated residential, and services project,' said Mamdouh Badr El-Din, Chairman of Arkan Palm. Badr El-Din added that the Arkan Palm was keen since the beginning of the project's planning on implementing an innovative product, providing integrated services away from the residential part, such as: Banks, clinics, headquarters of companies and organizations, and entertainment areas according to the highest standards of quality and sustainability to ensure the happiness and satisfaction of the clients. Additionally, Amr Badr El-Din, Managing Director of Arkan Palm said the company is achieving the highest levels of constructions in 205 Project, as it is racing the time to complete the whole project and inaugurate a number of mega projects in it. Badr El-Din added that 205 is the biggest downtown area in West Cairo, as it includes a lot of community service districts among them the Financial District that will be the central hub for big financial entities in West Cairo. On his part, Ahmed Galal, the Chairman of EBank said that the bank is keen on having a new headquarter in Sheikh Zayed 205 Project after the bank's successful experience with Badr El-Din Group, as one of the bank's branches is located in Arkan Plaza in Sheikh Zayed area. Galal also praised the innovative and well-planned design of the Financial District located in the 205 Project, noting that Arkan Palm paid close attention to the small details in order to implement a unique product that adds value to the real estate sector and meets the needs of investors and companies. He elaborated that EBank currently has 45 branches nationwide, and is keen on expanding in West Cairo, where the significant opportunities, and strong predictions for growing investments in the near future.
Zawya
23-04-2025
- Business
- Zawya
EBank inks deal for new headquarters in Arkan Palm's 205 Development
Egypt - The Export Development Bank of Egypt (EBank) has signed a contract with Arkan Palm to build a new headquarters inside the 205 Project in Sheikh Zayed City, as per an emailed press release. The new headquarters will be located in the project's banks district, and is expected to be delivered within two years. This step comes as the bank continues to grow in both its services and geographic presence. The expansion reflects the bank's vision to offer a modern, fully integrated banking experience that keeps up with new technology and meets the needs of customers in different sectors. Being developed on an area of 205 acres in Sheikh Zayed City through a partnership between the New Urban Communities Authority (NUCA) and Arkan Palm, Project 205 is a mixed-use development including residential, commercial, administrative, hotel, and entertainment spaces. The project will also feature three hotels managed by the international IHG Group and will include the tallest towers in Sheikh Zayed and West Cairo, each standing 135 meters tall with 40 floors. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
