Cairo – Mubasher: The board of directors of Housing and Development Bank (HDB) approved the inauguration of three new branches.
The three new branches will be located in Sixth of October City, Palm Hills October, and Beverly Hills (Sheikh Zayed), the bank said in a statement to the Egyptian Exchange (EGX) on Thursday.
The board also approved a decision to move the operations of Zagazig library branch to Zagazig Orabi branch and transfer the licence of Zagazig library branch to Shebin El-Kom branch.
During the first nine months of 2020, Housing and Development Bank reported net profits of EGP 1.65 billion, up from EGP 1.71 billion in the corresponding period a year earlier.
