Egypt’s Housing and Development Bank H1 net profit at EGP 1 billion

Egypt’s state-run Housing and Development Bank (HD Bank) reported on Sunday a net profit after tax of 1.450 billion Egyptian pounds ($92.4 million) for the first half of the year.

Profits before tax rose 10.8 percent year-on-year to 1.450 billion pounds at the end of June 2021, from 1.309 billion pounds at the end of June 2020.

Customers’ deposits also surged 10.7 percent to around 52.146 billion pounds at the end of June, from 47.122 billion pound at the end of December 2020.