Chairperson and managing director of the Housing and Development Bank (HDB), Fathy El Sebai, inaugurated the bank’s first branch in Matrouh governorate, bringing its total number of branches to 81 nationwide.

The branch was fully equipped with the latest technologies to meet the needs of individuals and companies located in the governorate and its surrounding areas.

According to the bank, its second branch in Borg El Arab city will open during the first week of March.

The inauguration of Matrouh and Borg El Arab’s new branches comes as part of the framework of the bank’s expansion strategy in recent years.

The bank is expected to open more branches in the coming period to keep pace with the successive developments in the Egyptian banking market and to provide the best banking services that meet its clients’ needs.

The HDB opened 10 branches in 2017 and aims to increase the number of its branches to 100 across the country by the end of this year.