HD Bank achieves the fastest quarterly growth rate in Shareholders equity portfolio during the last 5 years with 39% growth

The total equity portfolio of the Housing and  Development Bank has seen record growth over the past year, having jumped by 39.12% in the first 9 months of 2024 to record the fastest quarterly growth rate in the last 5 years, rising to 21.37 billion pounds by the end of September 2024, compared to 15.36 billion by the end of December 2023, with an increase of 6.01 billion pounds.

In terms of portfolio growth rates over the past years, equity volume increased by 32.33% during the first 9 months of 2023, reaching 13.69 billion pounds by the end of September 2023, compared to 10.34 billion pounds by the end of September 2022, the second fastest quarterly growth rate during the period under analysis.

The portfolio also recorded growth of 5.86% during the first nine months of 2022, as well as growth rates of 16.05% and 14.86% during the same period in 2021 and 2020.

Overall, HD Bank has performed strongly over the past year, with the bank's net profits jumping by 87.2%, registering 8.27 billion pounds in the first 9 months of 2024, compared with 4.42 billion pounds in the same period from 2023, an increase of 3.851 billion pounds.

Net interest income jumped by 82% and an increase of up to Pound6 billion, registering Pound13.28 billion in the first 9 months of 2024, compared to Pound7.30 billion in the same period from 2023.

The asset portfolio rose by 25% during the first 9 months of last year, reaching 156.33 billion pounds by the end of September 2024, compared to 125.10 billion pounds by the end of December 2023, with an increase of 31.23 billion pounds.

The bank's total customer loans jumped by 8.2 billion pounds in the first 9 months of 2024, registering 53.71 billion pounds by the end of September 2024, compared with 45.49 billion pounds by the end of 2023, a growth of 18.09%.

Customer deposit portfolio rose by 24.66% in the first 9 months of last year, reaching 126.25 billion pounds by the end of September 2024, compared to 101.27 billion pounds by the end of 2023.The total equity portfolio of the Housing and  Development Bank has seen record growth over the past year, having jumped by 39.12% in the first 9 months of 2024 to record the fastest quarterly growth rate in the last 5 years, rising to 21.37 billion pounds by the end of September 2024, compared to 15.36 billion by the end of December 2023, with an increase of 6.01 billion pounds.

In terms of portfolio growth rates over the past years, equity volume increased by 32.33% during the first 9 months of 2023, reaching 13.69 billion pounds by the end of September 2023, compared to 10.34 billion pounds by the end of September 2022, the second fastest quarterly growth rate during the period under analysis.

The portfolio also recorded growth of 5.86% during the first nine months of 2022, as well as growth rates of 16.05% and 14.86% during the same period in 2021 and 2020.

Overall, HD Bank has performed strongly over the past year, with the bank's net profits jumping by 87.2%, registering 8.27 billion pounds in the first 9 months of 2024, compared with 4.42 billion pounds in the same period from 2023, an increase of 3.851 billion pounds.

Net interest income jumped by 82% and an increase of up to Pound6 billion, registering Pound13.28 billion in the first 9 months of 2024, compared to Pound7.30 billion in the same period from 2023.

The asset portfolio rose by 25% during the first 9 months of last year, reaching 156.33 billion pounds by the end of September 2024, compared to 125.10 billion pounds by the end of December 2023, with an increase of 31.23 billion pounds.

The bank's total customer loans jumped by 8.2 billion pounds in the first 9 months of 2024, registering 53.71 billion pounds by the end of September 2024, compared with 45.49 billion pounds by the end of 2023, a growth of 18.09%.

Customer deposit portfolio rose by 24.66% in the first 9 months of last year, reaching 126.25 billion pounds by the end of September 2024, compared to 101.27 billion pounds by the end of 2023.