Housing and Development Bank Total Assets Grow 6.8% to EGP 245.3 Billion in Q1 2026
Housing and Development Bank (HDB) continued to achieve strong growth rates in its total assets and credit portfolio during the first quarter of 2026. This performance aligns with the bank's expansion strategies aimed at solidifying its position as one of the largest comprehensive commercial banks in the Egyptian banking market.
Financial results revealed that the bank’s total assets rose to EGP 245.321 billion by the end of March 2026, compared to EGP 229.804 billion at the close of 2025. This represents an increase of EGP 15.517 billion and a growth rate of 6.8%, reflecting the strength of the bank's financial position and its capacity to sustain expansion across diverse banking segments. Gross loans also registered significant growth, reaching EGP 69.446 billion—a increase of 5.7% compared to the end of last year—driven by continuous growth in both corporate and retail banking portfolios.
Hassan Ghanem, CEO and Managing Director of the bank, stated that HDB successfully balanced loan expansion with maintaining high credit portfolio quality. He noted that the corporate and institutional loan portfolio climbed to EGP 34.570 billion, marking a growth of 5.4%, while the retail banking portfolio recorded EGP 34.876 billion, reflecting a growth rate of 5.9%.
Ghanem added that the bank continues to support various economic sectors by providing diversified financing solutions tailored to the needs of both corporations and individuals. This sits alongside the expansion of financing programs designed to stimulate economic activity and drive macro growth rates. He pointed out that the loan-to-deposit ratio stood at 36.7% at the end of March 2026, holding steady at the same ratio recorded at the close of 2025. This consistency reflects efficient liquidity management and a calculated balance between credit expansion and safe liquidity buffer maintenance.
The CEO explained that a 9.4% increase in interest income from loans and similar revenues, compared to a 6.6% rise in the cost of deposits and similar expenses, catalyzed the growth of net interest income. Net interest income reached EGP 7.663 billion, up from EGP 6.932 billion during the comparable period—an increase of EGP 731 million, or 10.5%.
Ghanem concluded by emphasizing that the bank is continuously investing in upgrading its technological infrastructure and digital channels to support the velocity and efficiency of financing and banking service delivery. This strategy also aims to enhance customer experience and expand digital banking solutions. He re-asserted that the bank's strong capital base and robust financial position grant it the resilience to pursue further market expansion during the upcoming phase while maintaining high profitability rates and stellar asset quality.