HD Bank’s Loans to deposit ratio rose to 44.64% by June 2023End

The separate financial statements of Housing & Development Bank -HDB, which ended on June 30, 2023, have revealed an increase in Loans to deposit ratio with a rate of 44.64% at the end of June 2023 compared to 42.65% at the end of December 2022.

The bank was able to increase its deposit portfolio amount EGP 1.405 bn, achieving a growth rate of 1.57% during the first half of this year, as Total deposit portfolio recorded EGP 90.890 bn by the end of June 2023, compared to EGP 89.485 bn by the end of December 2022.

In addition, The bank was able to raise granting of credit to customers by EGP 2.410 bn, as the Total portfolio of customer loans increased by 6.32% during the first half of the current year, to record EGP40.573 bn by the end of June 2023, compared to EGP 38.163 Bn by the end of December 2022.

At the level of asset portfolio, HD Bank achieved a growth rate of 6.79% during the first half of this year, as total assets recorded around EGP 110.666 bn by the end of June 2023, compared to EGP 103.632 bn by the end of December 2022, achieving an increase of EGP 7.034 bn.

The bank has achieved remarkable growth in its, net profits as increased by a growth rate of 150.41% during the first half of current year, to record EGP 3.015 bn during the first half of 2023, compared to EGP 1.204 bn during the same period of 2022, with an increase of EGP 1.811bn.