Cairo – Mubasher: The unaudited consolidated financial results of Housing and Development Bank (HDB) showed net profits of EGP 605 million in the first quarter of 2020, slightly up from EGP 603 million in the year-ago period.

The lender’s interest income fell to EGP 1.503 billion in the January-March period from EGP 1.537 billion in the corresponding period a year earlier, according to a bourse disclosure on Thursday.

It is worth mentioning that during 2019, HDB achieved net profits of EGP 2.22 billion, up from EGP 1.96 billion in 2018.