Cairo – Mubasher: The unaudited standalone financial results of Housing and Development Bank (HDB) showed net profits of EGP 1.42 billion in the first nine months of 2020, down by 6% year-on-year (YoY) from EGP 1.52 billion.

The bank’s interest income slid to EGP 4.3 billion in the January-September period from EGP 4.88 billion in the same period in 2019, according to a bourse disclosure on Thursday.

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.