HD Bank Tops listed Banks in Focusing on personal loans by the end of September 2023
First Bank
According To The List Provided By FirstBank Of The Most Focused Listed Banks On Personal Loans By The End Of The Previous September, HD Bank Topped The List.
Personal financing from HD Bank received 24.68% of its total customer loans by the end of the Q3- 2023.
In addition, the personal loan portfolio of HD Bank recorded EGP 10.6 bn by the end of September 2023, up from EGP 9.1 bn by the end of 2022, achieving a growth rate of 16.51% and an increase of EGP 1.5 bn.
Total customer loans of the Bank jumped by EGP 4.7 bn during the first 9M of this year, reaching EGP 42.9 bn by the end of September 2023, compared to EGP 38.2 bn by the end of 2022, with a growth rate of 12.3%.
HD Bank has been performing strongly since the beginning of this year, jumping its net profit to EGP 4.4 bn during the first 9M of this year, compared to EGP 1.8 bn during the same period in 2022, with a growth of 152.2% and an increase of EGP 2.7 bn.
Meanwhile, the Bank asset portfolio rose by 14.2%, reaching EGP 118.4 bn by Q3- 2023, compared with EGP 103.6 bn by the end of 2022, with an increase of EGP 14.7 bn.
Customer deposit portfolio jumped from EGP 89.5 bn by the end of last year, to EGP 95.5 bn by the end of Q3- 2023, with a growth of 6.7% and an increase of EGP 6 bn.
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