Hassan Ghanem, CEO and Managing Director of the Housing and Development Bank (HDB), expressed pride in the bank’s robust financial and operational performance during the first nine months of 2025. He said the results demonstrate HDB’s ability to seize opportunities and translate them into tangible achievements, supported by its institutional agility and effective resource management.
According to Ghanem, these strengths enabled the bank to deliver solid financial results and create added value for all stakeholders. The achievements also reflect the successful first phase of implementing HDB’s 2025–2030 strategy, which builds on the bank’s momentum in recent years.
He explained that the strategy provides a comprehensive roadmap designed to create a transformational leap in the bank’s performance. It focuses on boosting operational efficiency, enhancing business quality, and maximising returns while maintaining low risk levels—ensuring sustainable, high-quality growth.
Ghanem noted that these efforts support HDB’s vision of becoming one of the top banking choices for customers in the Egyptian market, driven by a culture of innovation, advanced financial solutions, improved customer experience and stronger trust. This approach reinforces HDB’s position as one of Egypt’s leading full-service commercial banks and ensures an integrated banking experience that evolves with client expectations.
Strong Financial Performance
HDB reported strong growth across all business sectors for the period ending 30 September 2025. Independent financial results showed net profit before income tax and provisions rising to EGP 18.525bn, up from EGP 12.275bn in the same period last year—an increase of EGP 6.25bn or 50.9%. Net profit after income tax increased to EGP 13.439bn, compared to EGP 8.271bn, representing growth of EGP 5.168bn or 62.5%.
Ghanem emphasised that the bank remains focused on improving operational efficiency and proactively managing funding costs. By maximising available opportunities and optimising resources, HDB successfully reinforced its sustainable profitability and enhanced its financial performance.
Net operating income increased by 50.7% to EGP 21.905bn during the first nine months of 2025 compared to the same period in 2024. Net profit after provisions and income tax also rose to EGP 13.439bn, marking a 62.5% increase.
Growth in Customer Base and Deposits
Ghanem highlighted the bank’s commitment to placing customer satisfaction at the core of its strategy by understanding client expectations and responding with flexibility and efficiency. This approach helped expand the customer base and strengthen market share.
Customer deposits rose by 13.3%, reaching EGP 164.2bn by 30 September 2025, compared to EGP 145bn in 2024. Institutional deposits climbed to EGP 77bn, up 20.1%, driven by diversification measures aimed at reducing risk and enhancing financial stability. Retail deposits reached EGP 86.8bn, marking 7.9% growth.
Asset Expansion and High-Quality Lending
HDB strengthened its market position by supporting sustainable asset growth. Total assets reached EGP 209.8bn in September 2025, up from EGP 179.5bn—an increase of EGP 30.3bn or 16.9%. This was fuelled by growth in both retail and corporate loan portfolios, with total loans rising to EGP 62.4bn, an 11.5% increase.
Corporate loans reached EGP 31.2bn, up EGP 2.9bn or 10.1%, while retail loans climbed to EGP 31.2bn, an increase of EGP 3.6bn or 12.9%. Non-performing loans declined to 5.3% from 6.5% in 2024, reflecting the bank’s commitment to expanding financing while maintaining high lending standards and sector diversification. The coverage ratio increased to 163.3%, compared to 137.1% in 2024.
A 44% rise in loan income and related revenues, coupled with a 28% increase in deposit costs and similar expenses, helped boost net interest income to EGP 20.280bn—up EGP 6.999bn or 52.7%.
Enhanced Returns and Capital Strength
Ghanem said the bank’s effective strategic execution resulted in strong returns across all business sectors. Net profit growth pushed return on average equity to 61.87%, up from 60.06% in the same period last year. Return on average assets rose to 9.21% from 7.84%.
The capital adequacy ratio reached 42.22%, significantly above the CBE’s minimum requirement, comprising 41.11% Tier 1 capital and 1.11% Tier 2 capital. This confirms the bank’s commitment to maximising value for shareholders and stakeholders.
Consolidated net profit for the bank and its subsidiaries and affiliates increased to EGP 14.454bn after income tax, up from EGP 9.409bn—an increase of EGP 5.045bn or 53.6%. Ghanem said this reflects the success of the bank’s strategy in developing its group companies and strengthening investments.
Strong Progress in Sustainable Finance
Beyond financial performance, Ghanem expressed pride in the bank’s continued progress toward embedding sustainability standards across all operations, describing sustainability as a core institutional value and a central pillar of the 2025–2030 strategy.
The third quarter of 2025 saw notable growth in sustainable financing activities, with the bank allocating EGP 10.585bn to sustainable projects—an 83% increase compared to the same quarter last year. The sustainable finance portfolio reached EGP 6.93bn, up 70% from 2024, covering corporate finance, syndicated loans and SME projects.
Ghanem emphasised that these figures reflect the bank’s ability to translate sustainability commitments into concrete outcomes by supporting strategic projects with long-term environmental and social impact. This, he said, illustrates HDB’s drive to build an integrated banking model that balances strong financial performance with sustainability and creates lasting value for all stakeholders—both a strategic priority and a moral responsibility.
