HD Bank’s total customer loans exceeds EGP 29 bn since 2018

Housing and Development Bank has achieved remarkable growth in its loans over the past five years, with total customer loans rising by EGP 29.8 bn, reaching EGP 45.5 bn by the end of 2023, compared to EGP 15.7 bn by the end of 2018, with a growth rate of 189.9%, supported by the efforts of Hassan Ghanem, the bank's Managing Director and his team.      During the period under analysis, the highest annual growth rate and the largest value of the portfolio increased in 2022 as the Bank's total customer loans increased to EGP 38.2 bn by the end of 2022, compared to EGP 26.9 bn by the end of 2021, with a growth of 41.7% and an increase of EGP 11.2 bn.

The second-highest growth rate in total customer loans of the Bank was during 2019, with the portfolio rising by 25.8% year-on-year, reaching EGP 19.7 bn by the end of the year, compared to EGP 15.7 bn by the end of 2018, with an increase that exceeded EGP 4 bn.

In terms of portfolio performance over the past year, it rose to EGP 45.5 bn by the end of 2023, compared to EGP 38.2 bn by the end of 2022, with a growth of 19.2% and an increase of EGP 7.3 bn.

In terms of loans portfolio trends at HD Bank over the past 5 years, the largest proportion of its total customer loans is controlled by retail banking.

This ratio has been stabilized during the period under analysis. The ratio of retail loans has risen marginally to about 54.78% of the Bank's total loans by the end of 2023, compared to 54.75% by the end of 2018.

Corporate loans dominated 45.22% of the bank's total loans by the end of last year, compared to 45.25% by the end of 2018.

It should be noted that the Bank's retail banking portfolio rose to EGP 24.9 bn by the end of 2023, compared to EGP 8.6 bn by the end of 2018, with a growth of 190.1% and an increase of EGP 16.3 bn.

Bank corporate loans "including Corporate and Business Banking" increased by about 189.7% during the period under analysis, reaching 20.6% by the end of last year, compared to EGP 7.1 bn by the end of 2018, with an increase of EGP 13.5 bn.

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