Housing and Development Bank has achieved remarkable growth in its loans volume over the past five years, with

Analysis

HD Bank's total customer loans rose by 209% since 2018

First Bank

7/4/2024 10:55:00 AM

HD Bank

Housing and Development Bank has achieved remarkable growth in its loans volume over the past five years, with total customer loans rising by EGP 32.8 bn, to reach EGP 48.5 bn by the end of March, compared to EGP 15.7 bn by the end of 2018, with a growth of 209.1%, 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 rose 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.

While the second highest growth rate was seen in HD Bank's total customer loans during 2019, the portfolio rose by 25.8% on an annual basis, 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.

As for the current year's portfolio performance, it rose by 6.62% and an increase of EGP 3.01 bn, reaching EGP 48.49 bn by the end of March 2024, compared to EGP 45.48 bn by the end of December 2023.

In terms of the Bank's loans portfolio trends over the past 5 years, the largest proportion of which is controlled by retail banking.

This ratio has been stabilized during the period under analysis as the Bank's retail loans accounted for 53.17% of the Bank's total loans at the end of March 2024, compared to 54.75% at the end of 2018.

Corporate loans dominated 46.83% of the bank's total loans by the end of March, compared to 45.25% by the end of 2018.

It should be noted that the Bank's retail banking portfolio rose to EGP 25.8 bn by the end of March 2024, compared to EGP 8.6 bn by the end of 2018, with a growth of 200.19% and an increase of EGP 17.2 bn.

The Bank's corporate loans, including Corporate and Business Banking, increased by 219.93% during the period under analysis, to reach EGP 22.7 bn by the end of March, compared to EGP 7.1 bn by the end of 2018.