HD Bank tops the fastest-growing listed banks in return on average assets during 2024

Housing and Development Bank has achieved a strong and exceptional performance over the past year, pushing it to top the "First Bank" list of the most efficient listed banks in its asset investment (average asset return rate) in 2024, up from second place on the same list during 2023.

The rate of return on average assets in Reconstruction and Housing increased to 7.25% in 2024, compared to 5.27% in 2023, reflecting its efficiency in investing its assets in order to achieve net profits during the period under analysis.

The bank's net profit jumped by 83.05% over the past year, registering 11.04 billion pounds in 2024, compared to 6.03 billion pounds in 2023, a total increase beyond 5 billion pounds.

This boosted its profits per share, with the share share in the bank's earnings jumping by 85.2% over the past year, registering Pound18.41 per share in 2024, compared to Pound9.94 per share in 2023.

Overall, the Bank recorded strong growth in its main indicators, with total assets rising to 179.45 billion pounds by the end of 2024, compared to 125.1 billion pounds by the end of 2023, with an increase of 54.35 billion pounds and a growth rate of 43.4%.

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.

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