The Housing and Development Bank’s (HDB) general assembly approved on Wednesday the appointment of Tarek Kabil, former minister of trade and industry, as an independent member of the bank’s board of directors, after obtaining the approval of the Central Bank of Egypt (CBE). The board of directors of the HDB includes Fathi Sebaey as chairperson …
Net profit per share increases to EGP 12.89, compared to EGP 6.55 in 2017
Thirty business development centres established in several governorates, will increase in future to cover republic
The Deputy Chairperson and Managing Director of the Housing and Development Bank (HDB), Hassan Ghanem, and Assistant Interior Minister for the Civil Status Sector, Mohamed Al-Aasar, signed a cooperation protocol on Saturday to allow the bank to inquire about their clients through the Civil Status Organization’s database. The protocol facilitates for the bank direct inquiring …
Opening new branches comes to activate bank’s expansion policy in line with financial inclusion strategy adopted by CBE: Ghanem
Bank’s housing projects profits increased to EGP 370.3m end of September, up by 24.7%
Bank’s rating reflects relative improvement in banking sector in Egypt
175,000 participated in vessel with total balances of EGP 565m
EGP 2.4bn net income from return with 64.9% increase rate compared to September 2017, says El Sebaey
Bank intends to pump EGP 400m to finance SMEs: El-Sebai
Bank granted mortgage funding for 22,000 social housing beneficiaries worth EGP 500m
Bank funds 70-90% of project for one to 10 years, including grace period up to 12 months, says Ghanem
CBE has not responded yet to proposal to divide activity of bank to real estate, commercial, we are looking for suitable alternatives for shareholders, says El Sebai
Launching service is important step in bank’s targeted development plan, to keep abreast of rapid technological development, says Sebaey
Bank aims to increase profits by 50% to EGP 1.5bn
Negotiations continue with CBE to separate real estate from banking activities, says El-Sebaey
Bank opened first branch in Matrouh, second branch in Borg El Arab to open this week
Bank added 10 branches in 2017, targets 100 branches
The Housing and Development Bank (HDB) offers doctors the necessary funding to buy clinics, furnish them, and purchase the needed/’;[[]’[ medical equipment. The funding represents 75% of the value of the clinic or the equipment required to be purchased. Repayment of the funds to purchase medical equipment can be made over five years, and if …
Banque Misr, AIBK, Al Baraka launch special programmes for these loans within the retail banking products among 22 banks included in Daily News Egypt’s scan
The bank is unique in granting real estate finance to customers who wish to purchase residential and administrative units
El-Sebai opens the second branch of the bank in Daqahleya governorate to serve the citizens of Gamasa and the industrial city
Bank’s initial 2017 budget includes deposit growth by 40%, loans by 30%, profit by 30%
The bank is still awaiting the CBE’s approval to separate real estate activity from trade activity, according to El Sebaie
Fathi Sebaey, chairperson and managing director of the Housing and Development Bank (HDB), said that the bank is always keen to sponsor and develop the National Project for Saving for the Future Apartment, which is being implemented in cooperation with the Ministry of Education, making it one of the bank’s main tools to achieve financial …
Establishment of HDB aimed at enabling those without bank accounts to obtain housing and banking services
As part of its participation in the Financial Inclusion Week, the Housing and Development Bank (HDB) is present at a number of universities and youth centres across Egypt to raise the awareness of dealing with banks. The bank will also distribute a number of “Felousy” prepaid cards to university students, next to offering fee-free products …
We aim at becoming a commercial bank practicing banking business only and transferring investment activity to a company owned by the same shareholders: Sebaey
The Housing and Development Bank (HDB) increased the number of its branches to 71 after the opening of its most recent branch in Badr City near the Egyptian Russian University. Fathy El-Sebai, chairperson of the bank, revealed earlier that the bank plans to take the number of branches to 100 by the end of 2018. …
The fund’s strategy is based on development processes; returns will be in the third year of the fund’s life, says Tawfik
