Arab Finance: The Financial Supervisory Authority announced that it has no objection to publishing a disclosure report Housing and Development Bank (HDBK)In preparation for proceeding with the procedures for calling the extraordinary general assembly of the bank to discuss increasing the authorized, issued and paid-up capital, according to statement Egyptian Stock Exchange.
The authority indicated that the bank’s board of directors decided, last December 15, to approve the disclosure report for the purpose of increasing the authorized capital from 10 billion pounds to 30 billion pounds. The Board approved an increase in the issued and paid-up capital from 5.313 billion pounds to 10.626 billion pounds, an increase of 5.313 billion pounds, distributed among 531.3 million shares, with a nominal value of 10 pounds per share, financed by the general reserve shown in the financial statements on September 30 last.
Concerning the results of its business during the period from 01/01/2024 to 09/30/2024, it showed achieving a net profit. assembly It amounted to 9,386,281,540 pounds, compared to the bank achieving a net profit of 4,736,019,233 pounds during the period from 01/01/2023 to 09/30/2023.
In the same context, the bank achieved a net profit independent For the period from 01/01/2024 to 09/30/2024, it was estimated at approximately 8,270,811,396 pounds, compared to a net profit of 4,419,359,448 pounds, during the comparative period of the previous fiscal year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
The Housing and Development Bank was established in 1979 and is considered one of the distinguished models of specialized and pioneering banks in the field of housing and urban development, which transformed its activity into a comprehensive commercial bank that provides all banking services. The bank also succeeded in gaining the trust and loyalty of its customers after realizing the dream of thousands of families through its housing projects. Which is considered an imprint in the Egyptian real estate sector until now, and during the past few years the bank has made a major leap in developing and modernizing its banking services provided to individuals and companies, in line with the development of banking services and continuous follow-up to implement everything new in the field of technology. Finance.
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