Retail Banking at HD Bank Continues to Lead

HD Bank has managed to top the list of First Bank for the most contributing departments in bank financing during 2022. This is a result of the bank's significant focus on individual financing, as it accounted for 55.54% of the total bank customer loans by the end of 2022.

The bank maintained its position, ranking first on the same list for the first 9 months of the same year.

Retail loan portfolio at the bank increased from EGP 16.06 bn by the end of 2021 to EGP21.19 bn by the end of 2022, achieving a growth rate of 31.97% and an increase of EGP5.13 bn.

Mortgage loans represented 52.16% of the total retail banking portfolio. They increased to EGP11.06 bn by the end of 2022, compared to EGP 8.53 bn by the end of 2021, with a growth rate of 29.56% and an increase of EGP 2.52 bn.

Personal finance comes second among the bank's retail banking products, accounting for 42.83% of the total retail finance. It increased to EGP 9.08 bn by the end of 2022, compared to EGP6.8 bn by the end of 2021, with an increase of EGP2.28 bn.

Current accounts rank third with a small share, representing 4.55% of the bank's total retail finance, They increased to EGP965.24 mn, by the end of 2022, compared to EGP 660.86 mn by the end of 2021, achieving a growth rate of 46.06% and an increase of EGP304.38 mn.

Credit cards rank fourth, accounting for only 0.45% of the total retail banking loan.

Credit card portfolio increased by 40.11%, reaching EGP95.77 mn by the end of 2022, compared to EGP 68.35 mn by the end of 2021, with an increase of EGP 27.42 mn.

It is worth mentioning that total customer loans increased by 41.68%, reaching EGP38.16 bn by the end of 2022, compared to EGP 26.94 bn by the end of 2021, with an increase of EGP 11.23 bn.

In general, HD Bank achieved a strong performance during the past year, reinforcing its financial position, reaching EGP103.6 bn by the end of the previous year, compared to EGP76.3 bn by the end of 2021, with an increase of EGP27.35 bn.

Deposit portfolio also jumped by 42.28%, reaching EGP89.49 bn by the end of 2022, compared to EGP62.9 bn by the end of 2021, with an increase of EGP26.59 bn.

Strong profits were achieved during the past year, as net profits increased by 23.31%, reaching EGP2.26 bn in 2022, compared to EGP 1.83 bn in 2022.

This was driven by the growth of net interest income, which rose to EGP 4.91 bn in 2022, compared to EGP3.27 bn in 2021, achieving a growth rate of 50.14%, and an increase of EGP1.64 bn.

And 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.