The Housing and Development Bank (HDB) is offering triple savings certificates with a fixed return for three years, the bank announced. The certificates offer a 20% annual return and an 18.5% monthly return, making them some of the highest-return certificates in the banking sector.
The minimum purchase price for the certificates is EGP 100,000, with multiples of EGP 1000. The return is calculated starting from the day following the purchase.
HDB has launched these new certificates as part of its strategy to provide competitive products and services to meet the needs of all individuals and companies. This has strengthened the bank’s competitive position, increased its market share, and attracted new customers, while promoting a culture of financial inclusion.
Furthermore, HDB is targeting customers with high solvency through the HDB Royal VIP customer service, which provides distinguished services and fulfils customer requirements with high quality and professionalism, as well as providing financial and non-financial advice.
HDB has witnessed a geographical spread and an increase in the number of branches. The bank has invested heavily in the field of financial technology, which has strengthened the implementation of its plan towards digital transformation.
Hassan Ghanem, CEO of HDB, expressed his pride in what the bank achieved during the previous short period, which has strengthened the bank’s position among the first commercial banks in the Egyptian banking market.
As a culmination of the bank’s continuous efforts during the last period, the bank topped the list of banks listed on the Egyptian Exchange.
Housing and Development Bank recorded the fastest-growing bank in customer deposits with a growth rate of 42.3%, the fastest-growing in assets with a growth rate of 35.9%, and the fastest-growing in corporate loans with a growth rate of 56%, and the fastest-growing in individual deposits, with a growth rate of 21.4%.
