Increase 56.9% in the «reconstruction and housing» profits in 9 months


Radi Abdalbari:

Saturday 17 November 2018 – 10:23 PM
| Last Updated:
Saturday 17 November 2018 – 10:23 PM

The Housing and Construction Bank (HDB) results showed a 56.9% increase in net profit in its & # 39; The first nine months of 2018 compared to the same time last year.
The Net profit reached its Bank for the first nine months of 2018 LE 1.3 billion compared to LE 887.6 million in the same period of 2017.
Depending on the financial statements, bank deposits fell in the & # 39; the first nine months of 2018 to 33.5 billion pounds, compared to 40.8 billion pounds in the same period of 2017. Increased loan transaction was banked in the same period from LE 13.4 billion to LE 15.3 billion.
On the other hand, the Housing and Development Bank (HDB) aims to expand the funding of projects for your project initiative through the Bank branch of the Republic.
Fathi Al-Sebaie, Chairman of the Board of Directors of the Bank, said that small projects are among the priorities of interest. Bank in particular in your project project, says the bank has expanded in the last few months and has been launched; Try to increase funding in the coming months.
The project, which was launched by the Local Development Ministry at the beginning of 2015, was launched; a concept of citizen and state partnership development, a development program aimed at combating unemployment and creating job opportunities for young people by supporting them to set up their own small projects, And some surveys -theness, and continuous levels of implementation to reach reach and output.
The amount of funding provided by the 6-stakeholder enterprise is about 8 billion pounds for financing around 109,000 projects and has contributed to around 181,000 jobs within a local project initiative.
Among the banks are Egypt, Al Ahli, Cairo, Reconstruction, Egyptian Housing and Agricultural Bank and Bank of Alexandria, San Paolo.
Al-Sebaie added that he is aiming to provide funding to support agencies; Bank in the future in marketing and promotion areas and closing a number of cooperative protocols with investing societies, business organizations and business zones in each government to maximize the number of staff members, Achieving small and medium-sized enterprises, and providing financing services to business organizations and investors in different sectors, especially in high Egypt and Upper Egypt.
He said that the Housing and Development Bank has a significant and important role to play in; funding of development projects in accordance with the State's policy on supporting and Develop small enterprises to achieve sustainable development to achieve community development and to stimulate the national economy, thus contribute to more work opportunities and to improve their employment opportunities and to improve their employment opportunities and to improve the development of the national economy, improving standards of life. Supporting the funding provision for many centers and organizations that support; Supporting small and medium-sized enterprises, such as the expansion of the program for small and medium-sized projects around 2.2 billion pounds by end of June 2018.

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