HD Bank loans to deposit ratio increase to 45% by Sep-2023end

The separate financial statements of HD Bank, ending on September 30, 2023, revealed an increase in loans to deposit ratio to 44.87% by the end of September 2023, compared to 42.65% at the end of December 2022.

The bank experienced growth in key indicators, with its deposit portfolio increasing by a growth rate of 6.7%, reaching approximately EGP 95.509 bn by the end of September 2023, compared to EGP 89.485 bn at the end of December 2022.

The bank extended credit to its customers by approximately EGP 4.695 bn during the first nine months of the current year, resulting in a total loan and facility portfolio growth of 12.3%, reaching about EGP 42.858 bn by the end of September 2023, compared to EGP 38.163 bn at the end of December 2022.

Financially, the bank achieved a growth rate of 14.23%, with its total assets reaching approximately EGP 118.374 bn by the end of September 2023, compared to EGP 103.632 bn at the end of December 2022.

HD Bank’s net profits surged by 152.1%, with an increase of EGP 2.666 bn, totaling EGP 4.419 bn during the first 9 months of 2023, compared to EGP 1.753 bn during the same period in 2022.