Cairo – Mubasher: The unaudited consolidated financial results of Housing and Development Bank (HDB) reported net profits of EGP 1.65 billion in the first nine months of 2020, up by 3.32% year-on-year (YoY) from EGP 1.71 billion.
The bank’s interest income declined to EGP 4.32 billion in the nine-month period ended 30 September, compared to EGP 4.85 billion in the corresponding period a year earlier, according to a bourse disclosure on Monday.
Previously, the standalone financial results showed net profits of EGP 1.42 billion in the first nine months of 2020, down from EGP 1.52 billion in the prior-year period.
During the first half (H1) of 2020, HDB reported consolidated net profits of EGP 1.06 billion, down from EGP 1.12 billion in H1-19, and logged standalone net profits of EGP 1 billion in the first six months of the year, compared to EGP 1.072 billion in the prior-year period.
