CAIRO: Egypt’s National Societe Generale Bank (NSGB) said its net income for 2010 rose 3.5 percent to LE 1.34 billion ($227.9 million).
The bank said it expected to be initially hurt by Egypt’s political unrest since January of this year, but that its long-term outlook had improved.
"NSGB has no doubts that the recent political events improved long-term outlook for Egypt however it expects negative short term impact," it said in an emailed statement.
