HD Bank Investment Strategy by June -2024end

The separate financial statements of HD Bank, ending on June 30 2024, revealed that Bank's asset portfolio has achieved a growth rate of 19.89%, and an increase of EGP 24.88bn, recording EGP 149.98 bn by the end of June 2024, compared to EGP 125.10 bn by the end of December 2023.

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

The bank continued to allocate the majority of its funds to granting financial investments rather than loans, 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 June 2024

Financial investments

The relative weight of financial investments Witnessed an decrease, Although acquired the largest share of the bank's asset portfolio

, as acquired 33.1% of the bank's total assets by the end of June 2024 compared to a relative weight of 36.75% of the bank's assets by the end of December 2023.

Bank's Financial Investments witnessed an increase, achieving a growth rate of 7.70% with an increase of EGP 3.54 bn, to record EGP49.51 by June 2024end compared to EGP45.97bn by the end of December 2023.

Customer loans 

The bank's net portfolio of loans and facilities to customers Ranked second in terms of the bank's investment Trends with a relative weight of 30.94% by the end of June 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 10.73% with an increase of EGP 4.50 bn during the first 6M of this year, to record EGP 46.41 bn by June 2024end, compared to EGP 41.91bn 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 16.65% by the end of June 2024, compared to a relative weight of 11.23% by the end of December 2023.

Balances with Banks jumped by 77.77% and an increase of EGP 10.93 bn during the first 6 months of this year, to record EGP 24.98 bn by the end of June 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 12.87% of the bank's total assets by the end of June 2024, compared to a relative weight of 12.40% by the end of December 2023.

Its total value amounted to EGP 19.30bn at the end of June 2024, compared to EGP 15.51 bn at the end of December 2023, achieving a growth rate of 24.45% with an increase of EGP 3.79 bn.

Other Assets

The relative weight of other assets increased accounts for 3.08% of the bank's total assets by the end of June of 2024, recording EGP 4.62 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 6M -2024.

retail Loans

Total retail loans witnessed a slight increase accounted for a relative weight of 52.44% of the bank's total customer loans by the end of june 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 6.83% and an increase of EGP 1.70 bn during the first 6M of this year, reaching EGP 26.62bn by the end of June 2024, compared to EGP 24.92 bn at the end of December 2023.