Egypt’s housing bank pumps EGP6.7bln into personal mortgage in 9 months

Egyptian state-owned Housing and Development Bank’s (HDB) has pumped personal mortgage loans of 6.7 billion Egyptian pounds by the end of September 2019 compared to 6.3 billion pounds by the end of December 2018.

However, the bank’s personal finances portfolio has registered 19.4  billion pounds by the end of September 2019 compared to 8.5 billion pounds by the end of December 2018.

However, the bank’s personal loans portfolio has registered 2.2  billion pounds by the end of September 2019 compared to 1.8 billion pounds by the end of December 2018.

The credit cards portfolio has posted 22.5  million pounds, while the current debt accounts have posted 432.6 million pounds.

The bank’s consolidated net profit recorded 1.7 billion pounds at the end of September 2019, compared to 1.5 billion pounds at the end of September 2018.