Cairo – Mubasher: Housing and Development Bank (HD Bank) reported consolidated net profits of EGP 1.004 billion in the first half (H1) of 2021, down by 5.6% year-on-year (YoY) from EGP 1.064 billion, including minority shareholders' rights, the unaudited financial results showed.
The bank's margin interest rose to EGP 1.61 billion in the January-June period from EGP 1.29 billion in the corresponding period a year earlier, according to a bourse disclosure on Monday.
The interest income grew to EGP 3.31 billion in H1-21, compared to EGP 2.89 billion in H1-20.
Earlier, the bank reported its standalone net profits at EGP 1.001 billion in the six-month period ended 30 June, up from EGP 1 billion in the prior-year period.
During the first quarter (Q1) of 2021, HD Bank recorded a consolidated net profit of EGP 651.06 million, up from EGP 604.58 million in Q1-20.
