Latest news with #HousingAndDevelopmentBank
Zawya
2 days ago
- Business
- Zawya
Egypt: Housing and Development Bank posts 60.1% surge in H1 2025 consolidated profits
Arab Finance: Housing and Development Bank reported consolidated net income after tax valued at EGP 9.560 billion in the first half (H1) of 2025, an annual surge of 60.1% from EGP 5.971 billion, according to the financial indicators. Basic earnings per share (EPS) increased to EGP 17.96 in H1 2025 from EGP 11.21 in H1 2024, while the interest income hiked by 54.2% to EGP 19.294 billion from EGP 12.514 billion. As for the standalone results, the net interest income after tax hit EGP 8.927 billion at the end of June 2025, up 73.1% year-on-year (YoY) from EGP 5.158 billion. Housing and Development Bank reported non-consolidated interest income worth EGP 19.302 billion in the first six months of 2025, higher by 54.1% YoY than EGP 12.523 billion. Standalone profits per share climbed to EGP 15.07 from EGP 8.52. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
15-05-2025
- Business
- Zawya
Egypt: Housing and Development Bank's consolidated profits rise 76.6% YoY in Q1 2025
Arab Finance: Housing and Development Bank (HDB) reported a 76.6% year-on-year (YoY) increase in consolidated net profits after tax in the first quarter (Q1) of 2025, hitting EGP 4.959 billion, compared to EGP 2.808 billion, as per the bank's financial indicators. 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. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
