Retail loans accounts for 52.4% of HD Bank's customer loans by June- 2024 end

The financial statements of HD Bank, for the period ending on June 30 of the current year, have revealed a growth in the bank's portfolio of retail loans by a rate of 6.83% during H1- 2024, amounting to an increase of EGP 1.11 bn.

The size of the bank's portfolio of retail loans reached EGP 26.92 bn by the end of June 2024, compared to EGP 24.92 bn by the end of December 2023, accounts for 52.44% of HD Bank's customer loans.

The size of the bank's credit cards jumped by 46%, with an increase of EGP 59 mn during the first 6 months of 2024, moving from EGP 127.54 mn by the end of December 2023, to reach EGP 186.2mn by the end of June 2024.

Contributing to this growth, HD Bank's personal loans rose by 11.69% and witnessed an increase of EGP 1.31 bn during the first half of this year to record EGP 12.47bn by the end of June 2024, compared to EGP 11.17bn by the end of December 2023.

In addition, the bank's portfolio of Mortgage loans surged by 5.07% with an increase of EGP 634 mn during the first half of the current year, to record EGP 13.15 bn by the end of June 2024, compared to EGP 12.52 bn by the end of December 2023.

It is worth noting that the total customer loan portfolio rose by 11.60% and an increase of EGP 5.27 bn during the first half of the current year, reaching EGP 50.763bn by the end of June 2024, compared to EGP 45.48bn by the end of December 2023.