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Islamic Finance Briefing - Categorized | Banking, Performance more

Egypt’s NDB says reduces net loss to $83 mln

Posted on 16 April 2010

From Reuters: Egypt’s National Bank for Development (NBD) said on Thursday its net loss for 2009 fell to 458.1 million Egyptian pounds ($83.06 million) from 738.9 million in 2008.

Loans to customers dropped to 2.22 billion pounds as of Dec. 31 from 3.24 billion pounds a year earlier, while customer deposits rose to 9.4 billion pounds from 8.29 billion pounds, it said in an advertisement published in Al-Ahram newspaper…………………..Full Article: Source

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