HD Bank tops fastest-growing listed banks in credit card balances during Q1-2025

Credit card balances at Housing and Development Bank witnessed remarkable growth during the current year, rising by about 22.2%, to record EGP 339.80 mn at the end of March 2025, compared to EGP 278.13 mn at the end of 2024.

This strong performance prompted the bank to top the «First Bank» list of banks listed on the Egyptian Stock Exchange with the fastest growth in credit card balances during the first quarter of 2025.

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 interest income increased by about 86.4%, reaching EGP 6.93 bn during Q1-2025, compared to EGP 3.72 bn during the same period in 2024.

Net fees and commissions income jumped to EGP 295.56 mn during the first quarter of 2025, compared to EGP 212.14 mn 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 EGP 3.97 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 EGP 176.81 bn 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 at the end of March 2025, compared to EGP 55.97 bn at the end of 2024.

Its deposit portfolio stood at EGP135.12 bn by the end of March 2025, compared to EGP 144.96 bn by the end of 2024.

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