Egypt: Housing and Development Bank's consolidated profits rise 76.6% YoY in Q1 2025
Net interest income climbed 77.6% YoY during the January-March period of this year, hitting EGP 9.903 billion, versus EGP 5.577 billion in the first three months of 2024.
Loans rose 5.2% YoY to EGP 58.239 billion in Q1 2025 from EGP 55.386 billion.
Customers' deposits saw a 6.9% yearly decrease during the three-month period to EGP 134.793 billion from EGP 144.744 billion during the same period a year ago.
As per the bank's standalone financial statement, net profits after tax soared 98.7% YoY to EGP 4.821 billion in Q1 2025, up from EGP 2.426 billion in Q1 2024.
Established in 1979, Housing and Development Bank is an Egyptian joint stock company, operating across the governorates of Egypt through more than 100 branches and 400 ATMs. The bank provides banking, housing, and real estate services.
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