Basel El Hini announced as non-executive chairman of HD Bank

Housing and Development Bank announced Basil El Hini as a non-executive Chairman of Housing and Development Bank's Board of Directors, after renewing confidence in Hassan Ghanem as CEO for a new term.

This step comes to activate the principle of governance by separating the positions of non-executive chairman of the board of directors and CEO, according to the new Central Bank and Banking System Law issued in September 2020.

El Hini has extensive experience for more than 40 years in the commercial and investment banking sector. He held the position of Chairman and Managing Director of Misr Insurance Holding, made many achievements.

ElHini also held several leadership positions and served as a non-executive member in the boards of directors and general assemblies of several banks and institutions.

Moreover, Hassan Ghanem, CEO of  Housing and Development Bank, expressed his happiness at joining ElHini as a non-executive Chairman of the Board of Directors, welcoming the new members, which includes a group of experts and prominent competencies with experience.

It is worth noting that Housing and Development Bank witnessed, during the previous period, under the leadership of Hassan Ghanem, a remarkable boom and exceptional growth rates at all business levels and sectors.

In addition to adopting a unique business model aimed at enhancing the banking activities and services to achieve its vision and objectives in line with the requirements of the banking market and the principles of competition, which are based on several main axes to expand banking products and services, development in the provision of digital services, geographical spread and improve the level of service provided to current customers to meet their needs in various fields.

This led to strong financial indicators, as the bank recorded a pre-taxes profits of EGP2.257 bn at the end of 2022, compared to EGP1.830 bn at the end of 2021, with a growth rate of 23.3%.

Also Housing and Development Bank topped the list of banks listed on the stock exchange, recording the fastest growing bank in customer deposits with a growth rate of 42.3%, the fastest growing in Assets with a growth rate of 35.9%, the fastest growing bank in corporate loans with a growth rate of 56% , and the fastest growing in individual deposits with a growth rate of 21.4%.