HD Bank Tops Listed Banks in Focusing on Retail Loans by September- 2023End

First Bank List Of Listed Banks With The Highest Concentration On Retail Loans Revealed That Housing & Development Bank-HD Bank Topped the list of banks listed By The End Of September 2023, maintaining its lead. As HD Bank previously held the top position in 2022.

Retail loans provided by HD Bank accounted for 56.10% of its total customer loans by the end of Q3- 2023,

HD Bank manages a significant portfolio of retail loans, which amounted to EGP 24 bn by the end of September 2023, compared to EGP 21.2 bn at the end of 2022, representing a growth rate of 13% and an increase of EGP 2.8 bn.

Total financing by HD Bank increased from EGP 38.2 bn at the end of 2022 to reach EGP 42.9 bn at the end of September 2023, with a growth rate of 12.3% and an increase of EGP 4.7 bn.

HD Bank achieved strong performance since the beginning of the current year, with a net profit increase of approximately 152.2%, reaching EGP 4.4 bn during the first 9M -2023, compared to EGP 1.8 bn during the same period in 2022, an increase of EGP 2.7 bn

Asset portfolio rose by approximately 14.2% to reach EGP 118.4 bn by the end of September of 2023, compared to EGP 103.63 bn at the end of 2022, an increase of EGP 14.7 bn.

Customer deposits increased by 6.7% to reach EGP 95.5 bn by the end of Q3- 2023, compared to EGP89.49 bn at the end of 2022, with an increase of EGP 6 bn.

To view the full list, click here.