Cairo – Mubasher: Housing and Development Bank (HDBank) saw an increase of 53.6% in net profits for 2015, according to a bourse filing sent Tuesday.
The lender reported net profits of EGP 575 million for 2015, taking into consideration minority interest, up from EGP 374.4 million for the previous year.
Shareholders will convene a meeting to discuss the distribution of dividends at total amount of EGP 189.7 million, or EGP 1.5 per share.
HDBank posted earlier net profits of EGP 447.3 million for the first nine months of 2015, compared with EGP 332 million for the similar period of the previous year.
