HD Bank's retail loans portfolio increased approximately 3 times over the past 5 years

Housing and Development Bank’s retail loan portfolio has witnessed record growth since the end of 2019, jumping by about 165%, to record 27.61 billion pounds by the end of 2024, compared to 10.42 billion pounds by the end of 2019, an increase of 17.19 billion pounds, doubling by about 3 times during that period.

Highlighting the development of the bank’s retail loans portfolio over the last 5 years, we find that the highest annual growth rate it achieved was during the year 2020, jumping by about 32.07% and with an increase of 3.34 billion pounds, after recording its value at 13.77 billion pounds at the end of 2020, compared to 10.42 billion by the end of 2019.

While the size of the bank’s retail loan portfolio recorded the highest value increase during the year 2022, after it increased by 5.13 billion pounds, reaching 21.19 billion pounds by the end of 2022, compared to 16.06 billion by the end of 2021, growing at a rate of 31.97% on an annual basis.

As for the performance of the bank’s retail loan portfolio during the past year, it rose at a growth rate of 10.82%, recording 27.61 billion pounds by the end of 2024, compared to 24.92 billion by the end of 2023, recording an increase of 2.70 billion pounds.

In general, Housing and Development Bank achieved remarkable growth in its financial indicators during the past year, as its total customer loan portfolio increased at a growth rate of 23.1% and an increase of 10.49 billion pounds, reaching 55.97 billion pounds by the end of 2024, compared to 45.48 billion by the end of 2023.

The bank's total deposit portfolio increased at a growth rate of 43.1% over the past year, reaching 144.96 billion pounds by the end of 2024, compared to 101.27 billion by the end of 2023, with an increase of 43.69 billion pounds.

The size of its asset portfolio also increased at a growth rate of 43.4%, recording an increase of 54.35 billion pounds over the past year, reaching 179.46 billion pounds by the end of 2024, compared to 125.1 billion by the end of 2023.

While the bank's net profits jumped at a growth rate of 83.1%, recording 11.04 billion pounds during 2024, compared to 6.03 billion pounds during 2023, with an increase of 5.01 billion pounds.

To view more news and analysis about the Housing and Development Bank and its most prominent achievements, click here.