HD Bank's corporate loans rose by 10.4% during Q1-2024, recording EGP 22.7 bn
First Bank
HD Bank's separate financial statements ended March 31 revealed that the bank's corporate loans portfolio rose by 10.42% and an increase of EGP 2.14 bn during the first quarter of this year, reaching EGP 22.71bn by the end of March 2024, compared to EGP 20.57 bn by the end of December 2023.
The bank's total syndicated loans portfolio jumped by 20% and an increase of EGP 656mn during the first quarter of this year, registering about EGP 3.94 bn by the end of March 2024, compared to 3.28 bn by the end of December 2023.
The bank's total direct loans portfolio increased to EGP 12.13 bn by the end of March 2024, compared to EGP 10.15 bn by the end of December 2023, rising by 19.45% and achieve an increase of EGP 1.98 bn during the first quarter of this year.
It is worth mentioning that the total customer loans and facilities at the bank recorded about EGP 48.49 bn by the end of March 2024, compared to 45.49bn by the end of December 2023, to grow by 6.62% and achieve an increase of EGP 3.01bn during the first quarter of this year.
