Cairo – Mubasher: The separate financial statements of the Housing and Development Bank (HD Bank) showed an increase of 22.20% in the bank’s standalone net profits during the first nine months (9M) of 2022.
The lender logged EGP 1.75 billion in its standalone net profits during 9M-22, compared to EGP 1.43 billion in 9M-21, and earnings per share (EPS) of EGP 10.29, compared to EGP 8.43, according to a recent bourse statement.
Net interest income rose to EGP 3.40 billion during the January-September 2022 period, compared with EGP 2.45 billion in the year-ago period.
Noteworthy to mention, in the first half (H1) of 2022, HD Bank reported higher consolidated net profits by 29.9% annually to EGP 1.30 billion, compared to EGP 1 billion, including minority shareholders’ rights.
Interest income hiked to EGP 4.37 billion in the six-month period ended 30 June 2022, a jump of 32.1% when compared to EGP 3.31 billion in the year-ago period.
