Just another WordPress site

Egypt’s Housing Bank posts an increase in its standalone profits in 9M

Housing and Development Bank (HD Bank) logged standalone net profits of EGP 1.43 billion in the first nine months of 2021, slightly up from EGP 1.42 billion in the year-ago period, the unaudited financial results showed.

The interest income increased to EGP 5.09 billion in the January-September period, compared to EGP 4.3 billion in the corresponding period in 2020, according to a bourse disclosure on Wednesday.

In the first half (H1) of 2021, the bank achieved consolidated net profits of EGP 1.004 billion, down from EGP 1.064 billion in H1-20, including minority shareholders’ rights.

The standalone net profits edged up to EGP 1.001 billion in the January-June period from EGP 1 billion in the prior-year period