Cairo – Mubasher: Export Development Bank of Egypt (EBE) announced that its factoring arm received a licence from the Egyptian Financial Regulatory Authority (FRA) to conduct export, import, and local factoring transactions, according to a bourse disclosure on Monday.
It is worth mentioning that in the first nine months of fiscal year 2019/2020, EBE achieved net profits of EGP 978.29 million, compared to EGP 879.9 million in the same period a year earlier.
