The Clap
Housing & Development Bank (HDBK) board of directors (BoD) approved the bank’s targeted planning budget in 2022.
And?
HDBK expects to achieve EGP 2 billion in net profits during 2022, a 9% YoY growth rate.
The bank also forecasts EGP 3.82 billion in net interest income this year, a 15% YoY growth rate.
In related news
HDBK’s BoD proposed distributing EGP 2.5/share to shareholders, for a total distribution of EGP 379.5 million out of last year’s earnings.
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