In a statement to Daily News Egypt during his participation at the Euromoney conference on Monday, Galal said the bank is reviewing its budget on an ongoing basis, according to market developments and services provided.
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Pharos Research has initiated its coverage of Export Development Bank of Egypt (EBE) with an “Overweight” recommendation, and assigned the stock a fair value (FV) evaluation of EGP 24.52 per share. The research firm said in a report that it has based its valuation on a set of key assumptions that underpin the growth potential …