Housing & Development Bank 9-Month Net Profit Hit EGP 199 Mln

The Housing and Development Bank achieved post-tax net profit of EGP 199.4 million at the end of Q3 of 2012, compared to EGP 149 million at the end of the corresponding period in 2011, registering an increase of 33.8%.

The indications showed that the bank’s loans and credit facilities portfolio retreated by 8.3$, registering EGP 6.5 billion at the end of last September, compared to EGP 7.1 billion at the end of September, 2011. The bank’s deposits portfolio surged by 2%, registering EGP 7.7 billion at the end of last September, compared to EGP 7.5 billion at the end of September, 2011.