Hassan Ghanem's strategy enhances HD Bank's position in the deposit market, pushing its portfolio to grow by 250% in 5 years

Housing and DevelopmentBank has been able to achieve record performance since Hassan Ghanem assumed the position of Managing Director of the Bank in December 2019, across all of the Bank's financial indicators. In this cycle of decision makers, we address the impact of Ghanem's leadership strategy on the size of the Bank's customer deposit portfolio.

Ghanem has focused on enhancing the position of the Development and Housing Bank in the Egyptian banking market by developing strategies based on digital transformation and achieving broad financial inclusion. It aims to diversify the Bank's customer base by launching new products that meet the needs of different sectors. This has contributed to strengthening its customer base.

Thanks to its outstanding leadership, the Bank was able to double the size of its deposit portfolio by 3.5 times, jumping by 251.12% and achieving an increase of 103.67 billion pounds, reaching 144.96 billion pounds by the end of 2024, compared to 41.29 billion by the end of 2019.

The strong increase achieved by the Construction and Housing Bank in its clients' total deposits is due to the significant growth in the size of its individual deposit portfolio, which has doubled by 7.5 times in just 5 years, jumping by 350%, registering 80.47 billion pounds by the end of 2024, compared to 17.88 billion by the end of 2019, an increase of 62.59 billion pounds.

This is also due to the huge jump in the bank's total corporate deposit portfolio, which has nearly 3 times to grow at a 175.56% rate and an increase of 41.09 billion pounds during the period under analysis, reaching 64.49 billion pounds by the end of 2024, as opposed to 23.40 billion by the end of the 2019.

In general, Ghanem's efforts resulted in a record growth rate in its main financial indicators. It was able to double the bank's net profit by more than 5 times since taking over the executive leadership of the bank, having jumped by 465.86% and an increase of 9.09 billion pounds, to 11.04 billion pounds in 2024, compared to 1.95 billion pounds in 2019.

The bank's total assets doubled by 3.5 times after it jumped at a growth rate of 248.73%, bringing an increase of 128 billion pounds during the period under analysis, bringing the portfolio size to 179.46 billion pounds by the end of 2024, compared to 51.46 billion by the end of 2019.

Total Bank loans also jumped at a growth rate of 183.69% and an increase of 36.24 billion pounds to double the size of the portfolio by nearly 3 times, registering 55.97 billion pounds by the end of 2024, compared to 19.73 billion by the end of 2019.

The Bank experienced a surge in capital growth, with a 320% growth rate of more than 4 times since Hassan Ghanem assumed the Bank's leadership, registering 5.31 billion pounds by the end of 2024, compared with 1.27 billion by the end of 2019, bringing an increase of 4.05 billion pounds.

It should be noted that all the above values and growth rates are in accordance with the Bank's independent financial statements announced during the period under analysis. For more news and analysis on the Bank and its highlights, click here.