HD Bank tops listed banks in Capital Adequacy Ratio by Sep-2023end

Housing and Development Bank topped First Bank list in capital adequacy ratio by the end of last September, with a capital adequacy ratio of 24.87%, rising from the fourth position in 2022 on the same list. This reflects the bank’s strong ability to meet its commitments and face any potential future losses.

Overall, Housing and Development enjoys good financial indicators, with a leverage ratio of 9% by the end of the third quarter of 2023, exceeding the regulatory limit set by the Central Bank of Egypt of 3% according to Basel.

Non-performing loans to total loans ratio decreased to 7% by the end of September 2023, compared to 8% by the end of 2022.

In general, Housing and Development Bank showed strong growth in its key indicators, with its asset portfolio increasing by about 14.22% to reach EGP 118.37 bn by the end of the third quarter of 2023, compared to EGP103.63 bn by the end of 2022, an increase of EGP14.74 bn.

Total loans of the bank to customers grew by EGP4.7 bn during the first 9 months of the current year, reaching EGP 42.86 bn by the end of September 2023, compared to EGP38.16 bn by the end of 2022, with a growth rate of 12.30%.

Customer deposit portfolio increased from EGP89.49 bn at the end of the previous year to EGP95.51 bn by the end of the third quarter of 2023, with a growth rate of 6.73% and an increase of EGP6.02 bn.

The bank’s net profits jumped to EGP 4.42 bn during the first 9 months of the current year, compared to EGP 1.75 bn during the same period in 2022, with a growth rate of 152.16% and an increase of EGP 2.67 bn.