Egypt-based Housing and Development Bank (HD Bank) achieved consolidated net profits worth EGP 2.02 billion in 2021, compared to EGP 2.06 billion in 2020, including minority interest.
Earnings per share stood at EGP 13.28 last year, according to the financial results.
The lender’s net interest income totalled EGP 3.27 billion in 2021, compared to EGP 2.82 billion a year earlier.
As for the standalone income statements, HD Bank generated EGP 1.83 billion in net profit after tax during 2021, up from EGP 1.80 billion in 2020.
Earnings per share reached EGP 10.61 last year, marginally higher than EGP 10.48 in 2020.
The standalone net interest income rose to EGP 3.26 billion in 2021 from EGP 2.79 billion in the previous year.
Cash Dividends
In a separate bourse disclosure, HD Bank said its board approved a cash dividend of EGP 2.5 per share for 2021.
The Egyptian lender will pay a total amount of EGP 379.50 million as dividends.
It is worth noting that during the first nine months (9M) of 2021, the bank posted net profits after tax worth EGP 1.58 billion as shown in the initial financial results.
