Corporate deposits accounts for 55.7% of HD Bank's total deposits, reaching 59.3bn during Q1-2024
The financial statements of HD Bank, ending on March 31, 2024, revealed that corporate deposit portfolio of HD Bank rose with a growth rate of 7.56% during the first quarter of the current year, reaching EGP 59.32 bn by the end of March 2024 Compared to EGP 55.15 bn by the end of December 2023, with an increase of EGP 4.17bn, corporate deposits portfolio has taken hold of 55.70% share of the total deposit portfolio during Q1- 2024.
Total retail deposit portfolio surged by 2.28% and an increase of EGP1.05Bn during the first 3 months of this year. To record EGP 47.17 bn) by the end of March 2024, compared to EGP 46.12 bn at the close of December 2023.
HD Bank's total customer deposit portfolio grew by 5.15% representing an increase of EGP 5.22 bn during the first quarter of the current year. To record EGP 106.49 bn by the end of March 2024, up from EGP 101.27 bn at the end of December 2023.
Demand deposit portfolio surged by 2.62% with an increase of EGP 1.19 bn during Q1- 2024 reaching EGP 46.70 bn by the end of March 2024, up from EGP 45.51 bn at the end of December 2023.
The size of the “time and notice deposits” portfolio increased by 14.57%, reaching EGP 16.80 bn by the end of March 2024, compared to EGP 14.66 bn by the end of December 2023.
Furthermore, the portfolio of Certificate of deposits increased by 0.33% during the first 3 months of the current year rising from EGP 12.20bn at the end of December 2023 to EGP 12.24bn at the end of March 2024.
