Monday 06, August 2012 by Isla MacFarlane
National Bank for Development reduces losses by 41 per cent in H1 2012
Egypt’s National Bank for Development (NBD) announced its H1 2012 financial results, reporting a reduction in net income loss from EGP 97.6 million in Q1 2012 to EGP 89.8 million during Q2 2012, an improvement of 8 per cent, which brings the cumulative loss for the first six months in 2012 to EGP 187.5 million, an improvement of EGP 131.3 million or 41.2 per cent compared to the same period in 2011.
