HD Bank tops listed Banks in focusing on personal loans by the end of June 2024

Housing and Development Bank leads the First Bank list of listed banks in focusing on personal loans by the end of June, as its personal loans received 24.57% of its total customer loans by the end of the first half of 2024.

The Bank's personal loan portfolio rose to EGP 12.5 billion by the end of June 2024, compared to EGP 11.2 billion by the end of 2023, with growth of 11.70% and an increase of EGP 1.3 billion.

Total customer loans jumped to EGP 50.8 billion by the first half of 2024, compared to EGP 45.5 billion by the end of 2023, with growth of 11.60% and an increase of EGP 5.3 billion 

HD Bank has achieved a strong performance during this year, with its asset portfolio rising by about 19.89% during the first six months of this year, to reach EGP 150 billion by the end of June 2024, compared to EGP 125.1 billion by the end of 2023, with an increase of EGP 24.9 billion.

Customer deposit portfolio rose to EGP 121.7 billion by the end of the first half of 2024, compared to EGP 101.3 billion by the end of 2023, with a growth of 20.2% and an increase of EGP 20.4 billion.

Net interest income rose to EGP 8.2 billion during the first half of 2024, compared to EGP 4.5 billion during the same period in 2023, a growth of 81.30% and an increase of EGP 3.7 billion.

Net fees and commissions income increased by 26.85%, to EGP 418.3 million in the first half of 2024, compared to EGP 329.7 million in the same period from 2023. For more about HD Bank and its highlights, click more