Housing and Development Bank
The Housing and Development Bank (HDB) is a leading financial institution in Egypt that specializes in providing various banking services and financing solutions for the housing and real estate sectors. Established in 1979, HDB is one of the largest mortgage finance banks in Egypt and plays a significant role in supporting affordable housing initiatives and promoting sustainable urban development.
HDB offers a comprehensive range of banking products and services, including mortgage loans, construction financing, real estate development loans, and various retail and commercial banking services. The bank aims to facilitate access to housing finance, promote homeownership, and contribute to the growth and development of Egypt's housing market.
With a network of 98 branches spread across the country, HDB ensures convenient accessibility to its comprehensive range of banking services for its customers. As of September 31, 2022, the bank employed a dedicated workforce of 2,830 individuals, reflecting its commitment to providing employment opportunities and contributing to the local economy.
HDB is delighted to announce its impressive financial results for the year 2022. The bank achieved outstanding performance, with revenues totaling EGP 6.281 billion, showcasing its strong growth and resilience in a challenging economic environment. HDB's net standalone profits witnessed remarkable growth, reaching EGP 2.257 billion compared to EGP 1.83 billion in the previous year. With total assets of EGP 106,399,543,827 million, HDB is one of the largest banks in Egypt in terms of assets.
Founded: 1979
Headquarters: Mohandeseen, Giza, Egypt
Website: https://www.hdb-egy.com/
