AGBI

Egypt’s state investment bank NIB returns to profit

Egypt’s state-owned National Investment Bank has returned to profit after years of massive losses caused by accumulating bad debt. NIB recorded net profit of EGP6 billion ($120 million) during the fiscal year to June 30, 2025 against a loss of EGP31.7 billion the previous fiscal year, a board statement said. “This represents an unprecedented financial […]

By AGBI

1 min read

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