HD Bank tops fastest-growing listed banks in capital adequacy ratio by the end of 2024

Housing and Development Bank leads First Bank's list of the fastest growing listed banks in the Capital Adequacy Standard by the end of 2024, after registering its Capital Adequacy Standard 36.02%, reflecting its strong ability to meet its obligations and meet any future losses.

The Bank has strong financial safety indicators. Its leverage ratio, which reflects the relationship between the first tranche of capital used in the capital adequacy criterion (after exclusions), and the Bank's assets (on and off budget) is unlikely at 12.16% risk weights by the end of 2024, exceeding the control limit set by the Central Bank of Egypt in accordance with Basel's decisions of 3%.

Overall, the Bank recorded strong growth in its main indicators, with net profits rising by 83.1% and an increase of 5.009 billion pounds, to 11.040 billion pounds in 2024, compared to 6.031 billion pounds in 2023.

The Bank's pre-tax profits rose by 82.7%, registering 15.010 billion pounds in 2024, compared to 8.216 billion pounds in 2023, an increase of 6.794 billion pounds.

The main share in profits increased by 85.2%, registering Pound18.41 in 2024, compared to Pound9.94 in 2023.

The bank's total deposit portfolio rose by 43.1% and an increase of 43.685 billion pounds over the past year, registering 144.959 billion pounds by the end of 2024, compared with 101.274 billion pounds by the end of 2023.

The total loan portfolio jumped by 23.1% and an increase of 10.488 billion pounds over the past year, reaching 55.973 billion pounds by the end of 2024, compared with 45.485 billion by the end of 2023.

Total assets amounted to Pound179.45 billion by the end of 2024, compared to Pound125.1 billion by the end of 2023, an increase of Pound54.35 billion and a growth rate of 43.4%.