HD Bank’s Retail Loans jump by 161.2% in 5 years

Housing and Development Bank's retail loans portfolio has seen remarkable growth over the past five years, jumping to EGP 27.2 bn by the end of September 2024, compared to EGP 10.4 bn by the end of 2019, with a growth of 161.2%.

HD Bank has expanded the provision of financing products that meet the needs of various categories of customers, and has also made attractive offers, such as competitive interest rates with flexible repayment periods, making loans more attractive to the middle and working segment of the population.

It has also been able to benefit from stimulating real estate demand in the Egyptian market, which has clearly contributed to boosting his retail loans, as one of the leading banks in financing real estate projects.

The role of digital transformation and technological development in supporting this growth cannot be neglected, as the Bank has developed easy-to-use digital platforms and banking applications, which have improved the customer's experience and accelerated banking operations, including faster loan demand and approval

Over the period under analysis, the Bank sought to strike a balance between its individual and corporate financing, which is evident in their relative changes, with retail loans accounting for about 50.69% of the Bank's total loans to customers by the end of September 2024, compared to 52.82% by the end of 2019.

In contrast, the percentage of corporate loans, including microcredit for economic activities, increased to 49.31% of total loans by the end of September 2024, compared to 47.17% at the end of 2019.

This gradual shift in the relative distribution between retail and corporate loans reflects the Bank's efforts to diversify its loans portfolio and reduce the risks associated with dependence on a single sector, while maintaining a healthy balance between various credit activities.

The Bank's corporate rose to EGP 26.5 bn by the end of September 2024, compared to EGP 9.3 bn by the end of 2019, with growth of 184.6% and an increase of EGP 17.2 bn.

The total customer loans of the Bank rose to EGP 53.7 bn by the end of September 2024, compared to EGP 19.7 bn by the end of 2019, with a growth rate of 172.24% and an increase in contact with EGP 34 bn.

This remarkable growth indicates the strength of HD Bank in the Egyptian banking market and its ability to adapt to the different needs of customers, whether retail or corporate, while delivering innovative and tailored financing products to meet those needs.

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