Housing and Development Bank is a name that has a history and a pioneering role in the real estate sector for more than four decades with a strategy that is mainly concerned with its customer.
HDB was established in 1979 (an Egyptian joint stock company), and is considered one of the distinguished and pioneering specialized banks in the field of housing and urban development with more than 40 years of expertise. It has continuously supported the Egyptian economy and it has succeeding in developing the real estate sector. It effectively contributed to reducing the gap between the demand and supply of properties, and was the main arm of the state in implementing all its social housing programs.
The Bank played a pivotal role by participating in the establishment of many successful companies and projects in Egypt, including the Housing & Real Estate Investment Company, The Holding Company for construction and development, and HD Leasing Company.
During the past few years, the bank took a great leap in developing and modernizing its banking services provided to individuals and companies. The bank's paid-up capital reached 1.26 billion pounds, while the authorized capital posted 3 billion pounds.
Ghanem assumed the position of Vice Chairman and Managing Director of the Housing and Development Bank in September 2017, and then he was appointed as new chairperson of HDB by the end of 2019. He strived to achieve the bank’s vision to be among the top 10 banks operating in the Egyptian banking market.
The bank serves millions of customers, through more than 100 branches spread in various Egyptian governorates and 350 ATMs.
