HD Bank Top Listed Banks in ROE At 9M-2023
First Bank
HD Bank topped the list of the most efficient listed banks in achieving a return on shareholders’ Equity ( ROE) during the first 9 months of 2023.
The bank achieved a return on average equity of 36.79%, reflecting its strong ability to invest in shareholder rights and achieve record levels of net profits.
The bank’s net profits surged by approximately 152.16%, reaching EGP4.42 bn in the first 9 months of the current year, compared to EGP1.75 bn during the same period in 2022.
This performance is attributed to the significant leap in HD Bank’s profits, making it the fastest-growing bank in net profit during the same period.
Earnings per share increased by 153.40%, reaching EGP7.45 per share during the first 9 months of 2023, compared to EGP 2.94 per share during the same period in 2022.
HD Bank demonstrated strong performance throughout the current year, with a 14.22% increase in its asset portfolio, reaching EGP 118.37 bn by the end of the third quarter of 2023.
Total loans of HD Bank to customers increased by EGP4.7 bn during the first 9 months of the current year, reaching EGP42.86 bn by the end of September 2023, with a growth rate of 12.30%. Customer deposits also rose from EGP89.49 bn at the end of the previous year to EGP95.51 bn by the end of the third quarter of 2023, showing a growth rate of 6.73%. For the complete list, click More.
