Cairo – Mubasher: The initial financial results of the Housing and Development Bank (HD Bank) showed a 4.5% decrease in net profits after tax at EGP 1.58 billion during the first nine months (9M) of 2021 from EGP 1.65 billion in 9M-20.
Earnings per share shrank by 13.1% to EGP 11.31 at the end of September 2021, compared to EGP 13.01 in the same period a year ago, according to a bourse filing on Tuesday.
HD Bank’s interest income increased by 17.8% year-on-year (YoY) to EGP 5.09 billion in 9M-21 from EGP 4.32 billion.
Clients’ deposits also grew by 19.6% YoY to EGP 56.17 billion in January-September 2021 from EGP 46.98 billion.
As for the standalone income statements, the Egyptian lender achieved net profits worth EGP 1.43 billion in 9M-21, up from EGP 1.42 billion in January-September 2020.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
