Egypt’s Housing Bank seen a block trading on its shares worth over EGP 52m

Egypt’s Housing and Development Bank has seen block trading deal valued at EGP 52.34 million on its  shares according to an Egyptian Exchange (EGX) statement. The transaction was carried out on 2.59 million of the bank’s shares

It is worth mentioning that The HDB has been seen performing exceptionally over the past few years which pushed it into first bank list of the fastest growing banks in 9 months.

The bank ranked first on the list as it has seen a growth rate in assets and deposits, individual deposits and corporates deposits portfolios during the first 9 months of 2022.

With such sturdy performance, the bank guarantees the consolidation of its market share in the Egyptian market while attracting more customers as part of its expansionary plans.

During the first nine months (9M) of 2022, HD Bank saw a 26.40% annual growth in its consolidated net profits at EGP 1.99 billion, compared to EGP 1.58 billion.

It also reported higher standalone net profits during 9M-22 by 22.20% to EGP 1.75 billion from EGP 1.43 billion in 9M-21.