Cairo – Mubasher: Housing and Development Bank (HDB) still studies a proposal regarding acquiring a foreign exchange company, said a bourse filling.
Previously, local newspapers cited Fatehy El Sebaey HDB Chaiman as saying his bank seeks to acquire a foreign exchange company which owns 30 branches amid a trial to overcome the black market.
HDB bank reported standalone net profits of EGP 159.9 million for the third quarter of 2016, up by 104.6% y-o-y.
