Egypt Housing Bank achieves net profit exceeding 1 bln pounds in 2017

Egyptian lender Housing and Development Bank (HDB) has reported net profit after taxes 1.075  billion Egyptian pounds, despite the challenges that have faced the Egyptian economy.

on the other hand, the bank’s cash flow has recorded a percentage of 40.8 % and the total assets registered 51.9 billion pounds by the end of 2017 compared to 32 billion Egyptian pounds by the ends of 2016 with an increase of 62 percent.

while, the loans portfolio has posted 13.4 billion pounds in 2017 comparing to 10.5 billion pounds in 2016 with an increase of 27.6  percent.

the bank also posted net profit before taxes 1.49 billion Egyptian pounds by the end of 2017  increasing by 62 percent.