Egypt's Housing and Development Bank saw net profits soar 76.8% to EGP 12.275bn in September 2024.

Egypt's Housing and Development Bank (HDB) saw a significant boost in net profits, up 76.8% to EGP 12.275bn in September 2024 from EGP 6.943bn in 2023. Independent net profits also rose 87.2% to EGP 8.271bn. Total assets grew to EGP 156.3bn, up from EGP 125.1bn, while non-performing loans dropped to 6.7%. The bank's return on equity improved to 60.1%, with a strong capital adequacy ratio at 30.3%.

November 16, 2024
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