HD Bank Investment Strategy by March -2024end

The separate financial statements of HD Bank, ending on March 31 2024, revealed that Bank's asset portfolio has achieved a growth rate of 6.27%, and an increase of EGP 7.84bn, recording EGP 132.94 bn by the end of March 2024, compared to EGP 125.10 bn by the end of December 2023.

Analyzing the investment trends of HD Bank by March 2024 end:

The bank continued to allocate the majority of its funds to granting loans rather than financial investments, this is evident the remarkable different among relative weight of loans and facilities to customers compared to the relative weight of financial investments, by the end of March 2024

Customer loans 

The bank's net portfolio of loans and facilities to customers

acquired the largest share of the bank's asset portfolio with a relative weight of 33.55% by the end of March 2024, compared to a relative weight of 33.50% of the bank's assets by the end of December 2023.

Bank's net customer loan portfolio witnessed an increase, achieving a growth rate of 6.41% with an increase of EGP 2.69 bn during the first 3M of this year, to record EGP 44.60 bn by March 2024end, compared to EGP 41.91bn by the end of December 2023.

Financial investments

The relative weight of financial investments Witnessed an decrease, Although Ranked second in terms of the bank's investment Trends, as acquired 27.33% of the bank's total assets by the end of March 2024 compared to a relative weight of 36.75% of the bank's assets by the end of December 2023.

Bank's Financial Investments recorded EGP 36.33 bn by March 2024end, compared to EGP45.97bn by the end of December 2023.

Balances with Banks

The relative weight of Balances with Banks Witnessed a significant increase, as Accounted for the third largest share of HD Bank's asset portfolio, with 19.98% by the end of March 2024, compared to a relative weight of 11.23% by the end of December 2023.

Balances with Banks jumped by 89.10% and an increase of EGP 12.52 bn during the first 3 months of this year, to record EGP 26.57 bn by the end of March 2024, compared to EGP 14.05 bn by the end of December 2023.

Cash and Balances with CBE

the relative weight of Cash and Balances with CBE, witnessed an increase, accounted for the Fourth largest share of the bank's investment Trends as acquired a relative weight of 12.57% of the bank's total assets by the end of March 2024, compared to a relative weight of 12.40% by the end of December 2023.

Its total value amounted to EGP 16.71bn at the end of March 2024, compared to EGP 15.51 bn at the end of December 2023, achieving a growth rate of 7.74% with an increase of EGP 1.20 bn.

Other Assets

The relative weight of other assets increased accounts for 2.86% of the bank's total assets by the end of March of 2024, recording EGP 3.80 bn, compared to 2.22% and a value of EGP 2.78 bn at the end of December 2023.

Bank's Trends in the Loan Market

By examining the components of total loan portfolio, it is evident that the bank tends to grant credit to retail more than Corporates, given the higher relative weight during the first 3M -2024.

retail Loans

Total retail loans witnessed a slight increase accounted for a relative weight of 53.17% of the bank's total customer loans by the end of March 2024, compared to 54.78% of the bank's total customer loans by the end of December 2023.

Total retail loan portfolio at the bank increased With a growth rate of 3.48% and an increase of EGP 866 mn during the first 3M of this year, reaching EGP 25.78 bn by the end of March 2024, compared to EGP 24.92 bn at the end of December 2023.

Corporate loans

Total Corporate loans accounted for a relative weight of 46.83% of the bank's total customer loans by the end of March 2024, compared to 45.22% of the bank's total customer loans by the end of December 2023.

Total Corporate loan portfolio at the bank increased, as achieved a growth rate of 101.42% and an increase of EGP 2.14 bn during the first 3M of the current year, reaching EGP 22.71bn by the end of March 2024, compared to EGP 20.57 bn at the end of December 2023.