Latest in Tag: Housing and Development Bank Highlight
Latest in Tag: Housing and Development Bank
Acumen-Beltone to promote subscription to HDB fund in Q1of 2017
The company is planning to promote the fund among investors from Gulf countries, besides local investors to ensure its shares will be sold
Hyde Park Properties targets EGP 3bn in sales by end of 2017
The company’s administrative units project covers 500,000 sqm; its first phase will be launched next year with investments worth EGP 200-300m,says CEO
Egypt’s economy growing at good pace, investment incentives will enhance growth: HDB chairperson
The Egyptian market is large and diverse; Arab and foreign investors want to enter into it because they realise it is promising
HDB Loans portfolio amounts to EGP 8.7bn as of June: chairperson
Net profits of the bank reached EGP 394.7m in the first half of 2016, increasing 22.6% y-o-y, says El-Sebai
Housing and Development Bank opens its 64th branch
The bank will begin applying the new Core Banking system and offer four new services by the beginning of 2016
HDB opens new branch, adopts tourism promotion initiative
Chairman of the Housing and Development Bank (HDB) Fathy El-Sebai recently inaugurated the bank’s newest branch in Mokkatam, putting the bank’s total number of branches at 63. The inauguration was part of the bank’s plan to target expanding the bank’s network to 100 branches. The bank’s geographic expansion strategy aims to reach the largest number …
6 banks exempted from applying maximum wage
Six other banks await a judicial ruling for exemption
Housing and Development Bank contributes EGP 150m to tourism sector in 2014
Rate of loans in real estate sector approximately 7.2% of bank’s total loans portfolio allocated to corporate sector
Campaign to build studio apartments for youth
If the government decides to build such apartments, the bank will support the process, says Housing and Development Bank CEO
Housing and Development Bank spends EGP 20m in CSR activities
Bank donated EGP 10m to Tahya Masr Fund
Egyptian Gulf Bank gives EGP 300m to low-income housing project
The bank is one of several supporting the construction of 10,000 housing units for low- and middle-income Egyptians under a Central Bank of Egypt initiative
Political turmoil hits mobile money transfer market
Low rates of usage for the service were the result of political turmoil