HDBK profits up 32% in H1

Cairo - Mubasher: Housing and Development Bank (HDBK) reported a rise in net profits in the first half of 2018 by 31.7% year-on-year, as shown by the consolidated financial results.

Net profits totalled EGP 1.07 billion since the beginning of January until the end of June, compared with EGP 815.9 million for the same period last year, according to the bank’s statement to the Egyptian Exchange (EGX) on Thursday.

Net income also increased to EGP 1.6 billion, up from EGP 933 million in H1-17.

As for the bank’s fees and foreign exchange income, it recorded EGP 153.8 million, compared with EGP 104.85 million.

Mubasher Contribution Time: 16-Aug-2018 17:59 (GMT)
Mubasher Last Update Time: 16-Aug-2018 17:59 (GMT)