EBank Approves EGP 4.4 Billion Capital Increase via Free Share Distribution
The Ordinary General Assembly of the Export Development Bank of Egypt (EBank) has officially approved a strategic increase in its issued and paid-up capital by EGP 4.4 billion. This financial maneuver will boost the bank's total capital from EGP 13.6 billion to EGP 18 billion, executed entirely through the distribution of free bonus shares to existing shareholders.
Capital Increase Mechanics
In a formal disclosure submitted to the Egyptian Exchange (EGX), EBank detailed that the capital expansion involves the issuance of 440 million free shares.
The approved distribution ratio stands at approximately 0.3235294 free shares for every original share held. To protect smaller investors, any fractional shares resulting from this ratio will be rounded up in favor of minority shareholders. The bank confirmed that the financial backing for this free increase will be drawn directly from retained earnings and the net profits accrued during the fiscal year ending December 31, 2025.
Financial Performance Highlights
This capital restructuring aligns with the bank's accelerating financial growth. EBank reported exceptional profitability during the first quarter of 2026, more than doubling its net earnings compared to the previous year.
Key Financial & Capital Metrics:
MetricDetails / Value
Previous CapitalEGP 13.6 Billion
Approved Capital IncreaseEGP 4.4 Billion
New Total CapitalEGP 18.0 Billion
Free Shares Issued440 Million Shares
Distribution Ratio~0.3235294 shares per original share
Q1 2026 Net ProfitEGP 2.85 Billion (+ 111% YoY)
Q1 2025 Reference ProfitEGP 1.35 Billion
(Note: Net profit figures factor in minority interests.)