HDBK
Cairo – Mubasher: Housing and Development Bank (HD Bank) reported higher consolidated net profits by 29.9% annually in the first half (H1) of 2022 to EGP 1.30 billion, compared to EGP 1 billion, including minority shareholders’ rights.
Basic earnings per share (EPS) stood at EGP 8.53 in H1-22, compared to EGP 6.57 in H1-21, according to a stock exchange statement on Monday.
Interest income rose to EGP 4.37 billion in the six-month period ended 30 June 2022, a jump of 32.1% when compared to EGP 3.31 billion in the year-ago period.
As for the standalone business, the EGX-listed lender posted EGP 1.20 billion in net profits in H1-22, up 20.30% from EGP 1.00 billion in H1-21.
It is noteworthy to mention that in the first quarter (Q1) of 2022, HD Bank’s consolidated net profits retreated by 3.50% yearly to EGP 628.05 million, compared to EGP 651.06 million.