HD Bank tops most efficient listed banks in ROE during Q1-2025
Housing and Development Bank achieved strong performance during the current year, pushing it to lead «First Bank» for the most efficient banks in achieving a return on shareholders’ equity «Rate of return on average equity» during the first quarter of 2025.
The rate of return on average equity jumped to 78.04% during the first quarter of 2025, compared to 63.02% during the same period in 2024, which reflects the strong and increasing ability of the bank to invest its owners’ rights in achieving record levels of net profits.
Housing and Development Bank was able to double its net profits, as they jumped by about 99%, with an increase of 2.40 billion pounds, to record 4.82 billion pounds during the first quarter of 2025, compared to 2.43 billion pounds during the same period in 2024.
This enhanced the profitability of its core share, as the share per share in the bank’s profits jumped to 8.14 pounds per share during the first quarter of 2025, compared to 3.97 pounds during the same period in 2024, with a growth rate of 105%.
It is worth noting that the results of the HD Bank’s independent work for the first quarter of this year revealed that its portfolio of assets reached 176.81 billion pounds at the end of March 2025, compared to 179.46 billion pounds at the end of 2024.
Its deposit portfolio stood at 135.12 billion pounds by the end of March 2025, compared to 144.96 billion pounds by the end of 2024.
The bank's total customer loans increased by about 4.9%, to record 58.7 billion pounds at the end of March 2025, compared to 55.97 billion pounds at the end of 2024.
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