Cairo – Mubasher: The board of directors of Housing and Development Bank (HDB) approved the estimated budget for 2017.
The lender seeks growth of 39% in net profits in 2017, according to a bourse filling.
HDB also targets an increase of 27.7% to EGP 40.1 billion in assets balance in 2017.
The Egyptian listed bank also expects an increase of 40% in deposits in the current year, in addition to boosting the loans portfolio before deducting the provisions by 21.2% to EGP 10.6 billion.
HDB reported earlier an increase of 70% to EGP 205.6 million in the third quarter of 2016.
