ICEC

Housing and Development Bank’s property loans surge by 975 bln pounds in 9 months

Egyptian lender Housing and Development Bank’s property loans have increased by a  value of 975 million Egyptian pound scoring 4.788 billion pounds by the end of September 2017.

This value is compared to 3.793 billion pounds by the end 2016.

An insightful source said that the bank’s personal loans portfolio has declined to register 2.084 billion pounds at the end of September 2017 comparing to 2.291 billion pounds in 2016.

Moreover, the bank’s personal  finances  portfolio has  registered 7.2 billion pounds at the end of September 2017 comparing to 6.3 billion pounds in 2016.

Meanwhile the bank’s  net profit  recorded  887.6 million pounds at the end of September 2017 , against 554.630 pounds million for the same comparable period a year ago.

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