Cairo – Mubasher: The board of directors of the Housing and Development Bank (HD Bank) has approved opening a new bank branch in New Alamein City in Marsa Matruh governorate.

It further approved the transfer of the branch located in the Egypt International Exhibition Center (EIEC) beside El-Moshir Tantawy Axis to the Fifth Settlement area, according to a stock exchange statement on Sunday.

In the first half (H1) of 2022, HD Bank reported higher consolidated net profits by 29.9% annually to EGP 1.30 billion, compared to EGP 1 billion, including minority shareholders’ rights.