Egypt’s Housing Bank sees a collective growth in its market shares during 2022

Egypt’s state-run Housing and Development Bank (HD Bank) succeeded in achieving a collective growth in its market shares during the first 9 months of 2022, while continuing its onward performance under the leadership of the veteran banker, Hassan Ghanem, the Chairman and Managing Director.

With regards to its market share in terms of assets; it has increased to account for 0.95% of the total assets of the Egyptian banking sector in 9M-22. However, it increased by 0.88% by the end of 2021 adding 0.06% to its market share.

Furthermore, its market share in terms of financial investments; it has grown to acquire 0.86%  of the to the total financial investments (stocks) of the Egyptian banking sector in 9M-22. However, it increased by 0.73% by the end of 2021.

Moreover, its market share in terms of deposits; it has climbed to maintain 1.11% of the total deposits of the Egyptian banking sector in 9M-22. While, it increased by 0.97% by the end of 2021 adding 0.14 to its total market shares of deposits in 9M-22.

The increase in the market share in terms of deposits was attributed to the growth the bank has witnessed in the market share of customer deposits which expanded to 0.57 % of the total retail deposits of the banking sector in 9M-22 compared to 0.53% by the end of 2021.

However, its market share in terms of loans; it has climbed to maintain 0.95% of the total deposits of the Egyptian banking sector in 9M-22. While, it increased by 0.89% by the end of 2021.

The hike in the market share in terms of loans was attributed to the rise the bank has witnessed in its market share of customer loans which expanded to 2.84 % of the total retail deposits of the banking sector in Q3-22 compared to 2.73% by the end of 2021.