CAIRO, November 10, 2026 — Egypt’s Housing and Development Bank (HDB) reported a 10.4% increase in standalone net profit to EGP 14.84 billion for the nine months ended September 30, driven by higher interest income and expanding lending, with its loan portfolio growing 33.8% since December 2025.
Net interest income rose 14.8% year-on-year to EGP 23.28 billion, while net operating income increased 15.7% to EGP 25.35 billion, according to financial results approved by the bank’s board on November 9.
Total lending reached EGP 87.93 billion, led by a 49.7% expansion in corporate loans to EGP 49.07 billion. Retail lending grew 18% to EGP 38.86 billion.
Customer deposits increased 22.3% to EGP 219.14 billion, supported by a 48.1% rise in institutional deposits, while retail deposits grew 3.8%. Total assets climbed 21.8% to EGP 279.81 billion.
Asset quality also improved despite the rapid credit expansion. The non-performing loan ratio declined to 3.86% from 4.99% at the end of 2025, while provision coverage reached 178.8%. The bank reported a capital adequacy ratio of 45.28%.
Consolidated net profit, including subsidiaries and associates, rose 12.4% year-on-year to EGP 16.24 billion, compared with EGP 14.45 billion a year earlier.
Chief Executive Yehia Aboul Fotouh said the results reflected the bank’s strategy of diversifying income, expanding its customer base and balancing growth with profitability and liquidity.
The bank’s sustainable finance portfolio reached EGP 12.7 billion, up 83.5% year-on-year, as it continued expanding financing for sustainable projects.
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