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

Housing and Development Bank topped the «First Bank» list of the best banks in the capital adequacy standard by the end of 2024, after its capital adequacy standard recorded 36.02%, which reflects the extent of its strong ability to meet its obligations and face any losses that may occur in the future.

The Bank has strong financial soundness indicators, as it recorded its financial leverage ratio, which reflects the relationship between the first tranche of capital used in the capital adequacy standard (after exclusions), and the bank’s assets (on and off-balance sheet) unweighted with risk weights of 12.16% by the end of 2024, exceeding the regulatory limit set by the Central Bank of Egypt in accordance with Basel decisions, which amounts to 3%.

In general, Housing and Development Bank recorded strong growth in terms of its main indicators, as its net profits increased at a growth rate of 83.1% and an increase of 5.009 billion pounds, recording 11.040 billion pounds during the year 2024, compared to 6.031 billion pounds during the year 2023.

The bank's pre-tax profits increased at a growth rate of 82.7%, recording 15.010 billion pounds during 2024, compared to 8.216 billion pounds during 2023, achieving an increase of 6.794 billion pounds.

The main share of the share in profits increased at a growth rate of 85.2%, recording 18.41 pounds during the year 2024, compared to 9.94 pounds during the year 2023.

The bank's total deposit portfolio increased by about 43.1%, with an increase of 43.685 billion pounds over the past year, to record 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 at a growth rate of 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 to 45.485 billion pounds by the end of 2023.

Its total assets amounted to 179.45 billion pounds by the end of 2024, compared to 125.1 billion pounds by the end of 2023, an increase of 54.35 billion pounds and a growth rate of 43.4%.

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