The consolidated financial statements of the Housing and Development Bank (HD Bank) indicated a 26.40% growth in the bank’s net profits during the first nine months (9M) of 2022.
HD Bank generated EGP 1.99 billion in net profits during 9M-22, compared to EGP 1.58 billion in 9M-21, according to a bourse statement on Thursday.
Basic earnings per share (EPS) stood at EGP 13.09 during the nine-month period ended 30 September 2022, compared to EGP 10.36 in the corresponding period in 2021.
Interest income reached EGP 7.05 billion during the January-September 2022 period, a rise of 38.60% when compared to EGP 5.09 billion in the year-ago period.
Last week, the lender reported higher standalone net profits during 9M-22 by 22.20% to EGP 1.75 billion from EGP 1.43 billion in 9M-21
Noteworthy to mention, in the first half (H1) of 2022, HD Bank reported higher consolidated net profits by 29.9% annually to EGP 1.30 billion, compared to EGP 1 billion, including minority shareholders’ rights.
Interest income hiked to EGP 4.37 billion in the six-month period ended 30 June 2022, a jump of 32.1% when compared to EGP 3.31 billion in the year-ago period.
All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).