HD Bank, the third largest mortgage financier in Egypt

In light of the increasing competition in mortgage financing market in Egypt, Housing and Development Bank is emerging as a major player in this sector, as it ranked third on the list of the largest banks in terms of the size of mortgage loan portfolio after NBE and Banque Misr, and ranked first at the level of banks listed on the Egyptian Stock Exchange, according to recent monitoring conducted by «First Bank» website.

According to the bank’s sperate financial statements, the volume of mortgage loans at the bank reached EGP 13.64 bn by the end of 2024, compared to EGP 12.52 bn by the end of 2023, with a growth rate of 9%, and a total increase of EGP 1.12 bn.

As for the portfolio’s growth during the current year, it reached EGP 13.93 bn at the end of March 2024, compared to EGP 13.64 bn at the end of 2024, representing a growth of about 2.2% on a quarterly basis.

This performance reflects the efficiency of Housing and Development Bank’s strategy in expanding mortgage loans sector, and its ability to meet market needs and customer trends, which strengthens its position as a leading banking institution that constantly seeks to support economic growth and provide competitive and sustainable financing solutions.

It is worth noting that the results of the HD Bank’s independent operations for the first quarter of this year revealed an increase in its net profits by about 99%, with an increase of EGP 2.40 bn, to record EGP 4.82 bn during the first quarter of 2025, compared to EGP 2.43 bn during the same period in 2024.

Net income  jumped to 295.56 million pounds during the first quarter of 2025, compared to 212.14 million pounds during the corresponding period in 2024, representing a growth of about 39.3% on a quarterly basis.

The bank's profits per share rose 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%.

As for the bank’s financial position, its portfolio of assets jumped to 176.81 billion pounds at the end of March 2025, compared to EGP 179.46 bn at the end of 2024.

The bank's total customer loans increased by about 4.9%, to record EGP 58.7 bn pounds at the end of March 2025, compared to EGP 55.97 bn at the end of 2024.

Its deposit portfolio stood at EGP 135.12 bn by the end of March 2025, compared to EGP 144.96 bn by the end of 2024.

To view more details about the Housing and Development Bank and its most prominent achievements.