Housing and Development Bank (HDBK) announced its consolidated and non-consolidated financial results for the period from January 1, 2023, to December 31, 2023. The results revealed a consolidated net profit of 6.539 billion Egyptian pounds compared to a consolidated net profit of 2.709 billion Egyptian pounds for the same period of the previous year.
Furthermore, the results showed an independent net profit of 6.030 billion Egyptian pounds compared to an independent net profit of 2.256 billion Egyptian pounds for the same period of the previous year.
Established in 1979, Housing and Development Bank is considered one of the distinguished models of specialized banks and a leading institution in the field of housing and urban development. Over the years, it has transformed its activities into a comprehensive commercial bank offering all banking services. The bank has succeeded in gaining the trust and loyalty of its customers by realizing the dreams of thousands of families through its housing projects, which continue to make a significant impact on the Egyptian real estate sector.
In recent years, the bank has made significant strides in developing and modernizing its banking services for individuals and companies, aligning with the evolution of banking services and continuously adopting new trends in financial technology.