Export Development Bank of Egypt (EBank) – Ratings Affirmed with a Stable Outlook

Ref: EG0 17 20 CRA00-01 2 2 March 2 0 2 2

Export Development Bank of Egypt (EB ank ) – R atings A ffirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) of Expor t Development Bank of Egypt (EBank ) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed EBank ’s Bank Standalone Rating ( BSR ) of ‘b’, Core Financial Strength ( CFS ) rating of ‘bb-’ and E xtraordinary Support Level (E SL ) of Moderate. The Outlook for the LT FCR and BSR remains Stable.

EBank ’s LT FCR is set one notch above the BSR to reflect the moderate likelihood of official extraordinary support in the event of need, and lies at the same level as Egypt’s sovereign LT FCR of ‘B+’. The Bank’s BSR of ‘b’ is derived…