HDB reports EGP 2.038bn profits before taxes in September 2021

The business results of the Housing and Development Bank (HDB) for the financial period ending on 30 September 2021 have shown its success in maintaining the strength of its financial position, as the total profits before taxes amounted to EGP 2.038bn, an increase of 6.5%.

Hassan Ghanem, Chairperson and Managing Director of the HDB, announced that the bank’s financial statements for the nine-month period were approved, pointing out that the bank continued to achieve good results, as it recorded a net profit of EGP 1.434bn.

Ghanem indicated that these results reflected the bank’s clear strategy, through which it seeks to be among top commercial banks, in addition to its keenness on providing distinguished banking services to customers in various fields.

Ghanem stressed that the bank continues to implement its development and expansion plans, in line with the state’s orientation in the areas of digital transformation and financial inclusion.