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HD Bank H1 consolidated profit rises 70% to EGP282 mln

HD Bank H1 consolidated profit rises 70% to EGP282 mln
Housing & Development Bank (HD Bank) posted on Sunday its consolidated financial statements for H1 that ended on June 30, 2014.
These statements showed EGP 282 million net profit, with 70% growth compared with EGP 165 million net profit in H1-13.
The bank’s Q1 consolidated net profit had amounted to EGP 142.1 million, representing a rise by 31% year-over-year from EGP 108.7 million.
FY13 net profit had amounted to EGP247 million, compared with EGP 206 million net profit in FY12.