HD Bank tops listed banks in return on shareholders' equity during 2024

HD Bank has achieved a strong and exceptional performance over the past year, pushing it to top the "First Bank" list of the most efficient banks listed on the Egyptian Stock Exchange in investing shareholder equity "rate of return on average equity" in 2024, continuing to maintain its position, as the same list has been released from 2023.

The bank's rate of return on average equity rose to 55.74% in 2024, compared to 46.93% in 2023, reflecting the strong and growing ability of the Bank to invest its shareholders' equity in achieving record levels of net profits.

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, with a total increase beyond 5 billion pounds.

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

Overall, HD 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 to 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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