Egypt's Housing Bank honors corporates & SMEs sectors for their achievments during 2022
The Housing and Development Bank organized an annual celebration to honor the best sector in the bank with the Best Team for 2022 award within the framework of its keenness to motivate its human cadres.
Hassan Ghanem, Chairman and Managing Director of HDBank, honored the sectors of small and medium enterprises, companies and joint loans, in recognition of their achievements for the year 2022.
The small and medium enterprises sector was able to achieve CBE's goals by directing 25% of the credit portfolio for small and medium enterprises, at a value of 4.850 billion pounds.
The corporate and syndicated loans sector was also able to achieve the highest growth rate and ranked first among the banks listed on the Egyptian Stock Exchange in each of the corporate loans, with a growth rate of 33.7%, as the total value of the portfolio amounted to 14 billion pounds.
In addition to the growth of syndicated loan portfolio by 44.8%, as the total value reached EGP 1.9 billion during 9 months ending on September 30, 2022.
Ghanem praised the efficiency and professionalism of work from both sectors, which contributed to achieving outstanding , which reflected positively on the bank's business results and strengthened its position as one of the largest commercial banks in Egyptian banking market.
Ghanem honored Tamer Negm, Assistant Managing Director for corporates, Treasury and Investment, Sherif El-Maghraby, Head of the Small and Medium Enterprises Sector, and Mohamed Gamal, Head of the Companies and Syndicated Loans Sector.
