HDBK has posted a mortgage finance portfolio of EGP 1.26 billion to 11.294 beneficiaries during 2019
By Staff Writer, Arab Finance
The Egyptian Stock Exchange (EGX) announced the execution of block trading deal on 311,125 shares of The Housing and Development Bank's (HDBK) share capital worth EGP 10,232,901.
The bank reported a consolidated net profit of EGP 2,224 billion in 2019, compared to EGP 1.968 billion last year, including minority shareholder’s rights.
HDBK has posted a mortgage finance portfolio of EGP 1.26 billion to 11.294 beneficiaries during 2019.
Housing & Development Bank was established as an Egyptian joint-stock company in 1979. Upon its launch, the key mandate of HD Bank key is to finance moderate housing units to Egypt inhabitants together mending the gap between supply & demand in the real estate market.
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.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW