EDBE has also been able to seamlessly integrate its services across branches, reducing time taken for end of day activities by 75%.
We are delighted to partner with EDBE in their technology-led transformation journey.
As the local business partner of Infosys, egabi Solutions played an integral part in the FinacleTM implementation at EDBE.
1/share, EDBE is trading at 2008/09E P/E and P/BV multiple of 7.
Being a specialized bank, EDBE directs most of its operations to the export oriented corporates, which gives the Bank an advantage over other players, in terms of the unique services that it can provide.
The Bank's ratings are underpinned by the support that EDBE has received from its shareholders who have subscribed to capital increases, its improved capital adequacy in the current year, good access to medium-long term funds from local and international financial institutions and its strong business franchise as the country's official export finance bank.
EDBE commenced operations in early 1985 as the official export financing arm of the Egyptian government.
In November, EDBE
said net profit for the July-Sept quarter had dropped 11.