HD Bank's corporate deposits jump at a rate of 187% over the last 5 years
Housing and Development Bank was able to achieve remarkable growth in its total corporate deposits during the last 5 years, as the size of the portfolio jumped at a growth rate of 187%, achieving an increase of EGP 43.73 bn, to record EGP 67.14 bn by the end of March 2025, compared to EGP 23.40 bn by the end of 2019.
Tracking the portfolio’s growth journey over the period under analysis, we find that the bank achieved the fastest annual growth rate in its total corporate deposits during the year 2022, at a rate of 54%, as the portfolio size moved from EGP 40.46 bn at the end of 2021, to reach EGP 62.26 bn by the end of 2022, recording an increase of EGP 21.80 bn.
The bank also witnessed the second fastest annual growth rate in its portfolio of customer deposits during 2021 at 39%, after rising to EGP 40.46 bn by the end of 2021, compared to EGP 29.12 bn by the end of 2020, achieving an increase of EGP 11.34 bn.
As for the growth in the size of the portfolio during the first quarter of this year, it increased by 4.1%, with an increase of EGP 2.65 bn, to record EGP 67.14 bn by the end of March 2025, compared to EGP 64.49 bn by the end of 2024.
In general, Housing and Development Bank was able to achieve growth in its net profits with a growth rate of 99% and an increase of EGP 2.40 bn, recording EGP 4.82 bn pounds during the first quarter of 2025, compared to EGP 2.43 bn during the same period in 2024.
The bank’s total portfolio of customer loans and facilities increased by 5%, with an increase of EGP 2.73 bn during the first quarter of this year, reaching EGP 58.70 bn by the end of March 2025, compared to EGP 55.97 bn by the end of 2024.
The bank’s customer deposit portfolio amounted to about EGP 135.02 bn at the end of March 2025, while the bank’s asset portfolio recorded about EGP 176.81 bn at the end of the same period this year.
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