Housing & Development Bank logs profits of LE 2.06B in 2020

CAIRO – 25 February 2021: Housing & Development Bank’s consolidated profits lessened 7.37 percent during 2020, to LE 2.06 billion, down from LE 2.22 billion in 2019.

Interest income decreased to LE 6.04 billion, compared to LE 6.62 billion in 2019, according to the bank’s financial results

As for standalone profits, the bank achieved profits of LE 1.8 billion, compared to LE 1.95 billion during 2019.

During the first nine months of 2020, the bank achieved profits amounting to LE 1.65 billion, compared to LE 1.71 billion in the same period of prior year.

Housing & Development Bank operates within the Banks sector focusing on Diversified Banks. It has been listed on Egyptian Exchange (EGX) since September 1983.