HD Bank personal loans grow by 16.5%, recording EGP 10.6 bn At 9M-2023

The financial statements of HD Bank for the period ending on September 30, 2023, revealed that Total personal loans portfolio at the bank rose to EGP 10.6 bn at the end of September 2023, compared to EGP 9.1 bn at the end of December 2022, representing a growth rate of 16.5% and an increase of EGP 1.5 bn, personal loans in the bank's portfolio, accounting for 44% of total retail loans.

Total Retail loans portfolio increased by 13.4% and an increase of EGP 2.8 bn during the first 9M of last year. It rose to EGP 24 bn at the end of September 2023, compared to EGP 21.2 bn at the end of December 2022.

Moreover, total credit card portfolio at the bank increased by 24% with an increase of EGP 23 mn during the first 9M-2023. Its value reached EGP 118.8 mn at the end of September 2023, compared to EGP 95.8 mn at the end of December 2022.

Current debit accounts at the bank increased by 17.5% with an increase of EGP 168.8 mn during the first 9M-2023. It moved from EGP 965.2 mn at the end of December 2022 to EGP 1.1 bn at the end of September 2023.

It is worth mentioning that the total customer loans increased by 12.3% during the first 9M of last year, amounting to around EGP 42.9 bn at the end of September 2023, compared to EGP 38.2 bn at the end of December 2022, with an increase of EGP 4.7 bn.