HD Bank’s loans to deposit ratio increased to 44.91% by end of 2023
First Bank
The financial statements of HD Bank, ending on December 31 of the last year, revealed an increase in loans to deposits ratio, recording 44.91% by the end of December 2023, compared to 42.65% by the end of December 2022.
The bank experienced development in its key indicators, with the deposit portfolio growing at a rate of 13.2%, totaling EGP 101.27 bn by the end of December 2023, compared to EGP 89.49 bn by the end of December 2022.
The bank increased credit issuance to its customers by approximately EGP7.3bn during the last year, Total loans and facilitation for customers reaching EGP 45.5 bn by the end of December 2023, compared to EGP 38.2 bn by the end of December 2022.
HD Bank’s net profits surged by 167.2%, with an increase of EGP 3.8 bn, registering EGP 6 bn during 2023, compared to EGP 2.3 bn during 2022.
The bank's net interest income witnessed a growth of 113%, amounting to an increase of EGP 5.5 bn during the last year, recording EGP 10.5 bn during 2023, compared to EGP 5 bn during 2022.
In terms of earnings per share, the bank recorded a growth rate of 172% during the last year the bank's share of net profits reaching about EGP 10.17 per share during 2023, compared to EGP 3.73 during2022.
