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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