HD Bank tops fastest-growing banks in net interest income during Q1-2025

Housing and Development Bank achieved strong growth in its net interest income, jumping to 6.93 billion pounds during the first quarter of 2025, compared to 3.72 billion pounds during the same period in 2024, with a growth rate of 86.4%.

This strong performance prompted the Housing and Development Bank to top the «First Bank» list of the fastest growing banks in net income from revenue during the first quarter of 2025.

The significant increase in the bank’s net interest income is due to the increase in loan returns and similar revenues to 9.91 billion pounds during the first quarter of 2025, compared to 5.58 billion pounds during the same period in 2024, with a growth rate of 77.4%, and a total increase of 4.32 billion pounds.

In terms of the cost of deposits and similar costs, it rose to 2.97 billion pounds in the first 3 months of 2025, compared to 1.86 billion pounds in the same period in 2024, with a growth rate of 59.6%, and a total increase estimated at about 1.11 billion pounds.

It is worth noting that the results of the HDB’s independent operations for the first quarter of this year revealed an increase in its net profits 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.

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%.

Net fees and commissions 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.

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 179.46 billion pounds at the end of 2024.

The bank's total loans to customers 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.

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.

To see the full list.. Click here.