Cairo-Mubasher: Housing and Development Bank (HD Bank( reported a 60.5% increase in 2015 standalone earnings.
The earnings reached EGP 491 million, compared with EGP 306 million in 2014.
The lender’s board of directors proposed the distribution of cash dividends at EGP 1.5 a share, totalling EGP 189.7 million.
The bank will hold its ordinary general meeting on 31 March to review 2015 standalone financial statements and the dividend plan.
The stock rose 0.89% to EGP 19.25 at 12:27pm on Thursday.
