HD Bank Most Focused Bank on Retail loans Investment by September-2023 end

Housing and Development Bank topped the list of the most focused banks on retail loans by the end of last September, maintaining the top position, as it also ranked first in 2022.

HD Bank’s retail loans received 56.10% of its total customer loans by Q3 of 2023.

The Bank manages a large retail loans portfolio that surpassed the EGP 24 bn by the end of September 2023, compared to EGP 21.2 bn by the end of 2022, with a growth of 13% and an increase of EGP 2.8 bn.

In addition, the Bank’s Total customer loans grew by EGP 4.7 bn during the first 9M of last 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%.

The Bank continues to achieve record business results, with its assets portfolio rising by 14.2%, reaching EGP 118.4 bn by Q3 of 2023, compared to EGP 103.6 bn by the end of 2022, with an increase of EGP 14.7 bn.

The customer deposit portfolio rose from EGP 89.49 bn by the end of last year, to EGP 95.51 bn by the end of Q3 of 2023, with a growth of 6.7% and an increase of EGP 6 bn.

The Bank's net profits jumped by 152%, to EGP 4.4 bn during the first 9M of last year, compared to EGP 1.8 bn during the same period in 2022, with an increase of EGP 2.7 bn, recording the fastest quarterly growth in net profits in 5 years.

The share in the period net profits increased by 153.4%, to record EGP 7.5 per share during the first 9M of 2023, compared to EGP 2.9 per share during the same period of 2022, with an increase of EGP 4.5 per share.

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