Egypt**  | عربي

NSGB Net Profit Jumps 74% for Year 2008

National Société Generale Bank realizes a 74% rise in net profit for the year ending December 2008 to the value of 1.14 billion EGP. Taking into consideration that net profit of 2007 was 653.1MEGP, this result defies the world financial crisis.
Meanwhile, NSGB board of directors is proposing to increase the bank’s capital by 302.9 million EGP to reach 3.332 billion EGP. This is subject to the approval of the special general assembly meeting to be held on March 11, 2009.

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