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HD Bank's standalone profit inches up in 9M initial financials

HD Bank's standalone profit inches up in 9M initial financials
The net interest income increased to EGP 5.09 billion

Cairo – Mubasher: Housing and Development Bank (HD Bank) logged standalone net profits of EGP 1.43 billion in the first nine months of 2021, slightly up from EGP 1.42 billion in the year-ago period, the unaudited financial results showed. 

The interest income increased to EGP 5.09 billion in the January-September period, compared to EGP 4.3 billion in the corresponding period in 2020, according to a bourse disclosure on Wednesday. 

In the first half (H1) of 2021, the bank achieved consolidated net profits of EGP 1.004 billion, down from EGP 1.064 billion in H1-20, including minority shareholders' rights. 

The standalone net profits edged up to EGP 1.001 billion in the January-June period from EGP 1 billion in the prior-year period.