HD Bank Top listed banks in Return on Average Equity (ROE) during 9M-2024

Housing and Development Bank achieved a strong and exceptional performance during this year, pushing it to top the list of the most efficient listed banks in Return on Average Equity during the first 9 months of 2024, continuing to maintain its position, as the same list was issued for the same period from 2023.

HD Bank’s rate of return on average equity rose to 60.06% during the first 9 months of 2024, compared to 49.05% during the same period from 2023, reflecting the strong and growing ability of the Bank to invest its shareholders’ equity in achieving record levels of net profits.

The Bank’s leap in its profits was a key factor to top this list. The Bank's net profits jumped by 87.2% to EGP 8.27 bn in the first 9 months of 2024, compared to EGP 4.4 bn in the same period from 2023, with an increase of EGP 3.851 bn.

Overall, HD Bank achieved a strong performance during this year, with its asset portfolio rising by 24.96% in the first 9 months of 2024, reaching EGP 156.3 bn by the end of last September, compared to EGP 125.1 bn by the end of 2023, with an increase of EGP 31.2 bn.

The customer deposit portfolio rose by 24.66% in the first 9 months of this year, reaching EGP 126.25 bn by the end of September 2024, compared to EGP 101.27 bn by the end of 2023

Total customer loans jumped by EGP 8.2 bn during the first 9 months of 2024, recording EGP 53.7 bn by the end of September 2024, compared to EGP 45.5 bn by the end of 2023, with growth of 18.09%.