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 …
Opening new branches comes to activate bank’s expansion policy in line with financial inclusion strategy adopted by CBE: Ghanem
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
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
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 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 …
Bank’s initial 2017 budget includes deposit growth by 40%, loans by 30%, profit by 30%
Establishment of HDB aimed at enabling those without bank accounts to obtain housing and banking services
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
The Housing and Development Bank (HDB) has increased the number of its branches to 71, after opening a new branch in El Tor. Fathy El-Sebai, chairperson of the HDB, inaugurated the new branch in El Tor last week. This would be the fifth branch in South Sinai, along with three branches in Sharm El-Sheikh in …
We aim to reach 100 branches by the end of 2018, Sebaey says
Microenterprises will be financed through companies and associations specialised in these projects, says vice chairperson
Funding volume amounts between EGP 50,000-3m with an interest rate of 5%, projects obtain approvals in five days
Banks are making great efforts to solve foreign currency shortage in Egypt
SMEs constitute 12% of the bank’s loan portfolio
The HDB’s loans portfolio increased by 15.5% to record EGP 8.2bn, while deposits increased by 21.8% recording EGP 11.7bn
Retail loans constitute 58% of the total loans portfolio in the bank, says Assistant Managing Director
Building pillars of state is the basis for achieving economic growth and stability, says El-Sebai
The federation also includes four representatives OF real estate companies affiliated to the banks
