Housing & Development Bank: Consolidated Profits Surge to EGP164.5 mln – H1

Egypt’s Housing and Development Bank reported its consolidated financial statements for the first 6 months of 2013 registering a net profit of EGP 164.5 million, against EGP 157.7 million for the same comparable period a year ago.

The bank’s portfolio of loans and credit facilities surged 3.5% to hit EGP 5.76 billion by the end of June 2013, compared to EGP 5.57 billion by the end of December 2012.

Moreover, the bank’s deposit portfolio slightly rose by 0.1% to EGP 8.12 billion by the end of June 2013, opposed to EGP 8.11 by the end of December 2012.