Egypt EGX executes block trading on HDBK shares

HDBK has posted a mortgage finance portfolio of EGP 1.26 billion to 11.294 beneficiaries during 2019

  

 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.

 

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