Egypt’s Housing and Development Bank H1 net profit at EGP1 bln

Egypt’s state-run Housing and Development Bank (HD Bank) reported on Monday a 5.6 percent year-on-year decline in net profit for the first half of the year.

The bank made a net profit worth 1.004 billion Egyptian pounds ($64 million) throughout January to June 2021, down from 1.064 billion pounds for the same period last year.

Interest income also grew to 3.31 billion pounds from 2.89 billion pounds last year.