HD Bank is the only listed bank to achieve collective increases in its market shares in the last 2 years

Outstanding and strong efforts are still going on by one of the most important banks in the Egyptian banking market, topping the lists of the fastest growing over the past 2 years, to be the only listed bank that has collective increases in its market shares for the second year in a row.

It is the success story of Housing and Development Bank, which began a new era of development and remarkable growth led by, Hassan Ghanem, Chairman & CEO · Housing & Development Bank.

So First Bank sheds light on the market shares of HD Bank during 2022.

The bank was able to increase its share in the asset market to 0.91% of the total assets of the banking sector by the end of 2022, compared to 0.88% by the end of 2021.

It also succeeded in increasing its share in the deposit market to 1.04% of total banking sector deposits by the end of 2022, compared to 0.97% by the end of 2021.

Moreover, The bank succeeded in increasing its share in the loan market to 0.95% of the total banking sector loans by the end of 2022, compared to 0.89% by the end of 2021.

Due to increasing its share in the retail loan market, as its share jumped to 2.82% of total retail loans in the banking sector by the end of 2022, compared to 2.67% by the end of 2021.

As for the bank’s main indicators, its asset portfolio jumped by 35.86%, reaching EGP103.6 bn at the end of last year, compared to EGP 76.3 bn at the end of 2021, an increase of EGP27.35 bn, leading the listed banks in terms of growth rate.

Deposit portfolio increased by 42.28%, to record EGP89.49 bn at the end of 2022, compared to EGP62.9 bn at the end of 2021, an increase of EGP26.59 bn, to top First Bank list of listed banks with the fastest growth in deposits.

Its total customer loans jumped by 41.68%, to reach EGP38.16 bn by the end of 2022, compared to EGP26.94 bn by the end of 2021, an increase of EGP11.23 bn.

Net profit of increased by 23.31%, to reach EGP2.26 bn in 2022, compared to EGP1.83 bn in 2021, an increase of EGP426.61 mn.

Net interest income rose to EGP4.91 bn in 2022, compared to EGP3.27 bn in 2021, achieving a growth rate of 50.14%, and an increase of EGP1.64 bn.

Net fees and commissions income increased by 36.70%, to reach EGP562.37 mn in 2022, compared to EGP411.4 mn in 2021, an increase of EGP150.97 mn.