Hassan Ghanem, 5 Years to reach the Golden Age of HD Bank

Since Hassan Ghanem took over as Chief Executive Officer in December 2019, Housing and Development Bank has undergone a strategic shift that has made it one of the leading banks integrating strong financial performance and expansion of innovative banking services. Ghanem focused on enhancing the Bank's position in the Egyptian market by developing strategies based on digital transformation and achieving broad financial inclusion.

He has also diversified the Bank's customer base by launching new products that meet the needs of different sectors, while ensuring increased operational efficiency and return on shareholders' rights. This proactive leadership has put the Bank on a remarkable growth path, making it a strong competitor in the Egyptian and regional banking sector.

Thanks to its clear strategy and deep banking expertise, HD Bank has strengthened its customer base and doubled its portfolio by more than two times, jumping by 205.80% with an increase of EGP 84.97 bn, registering EGP 126.25 bn by the end of September 2024, compared to 41.29 bn by the end of December 2019.

This increase is due to the rise in the Bank's retail deposits at a growth rate of 212.41%, jumping to EGP 55.87 bn by the end of September 2024, compared to 17.88 bn by the end of December 2019, bringing an increase of EGP 37.99 bn.

The size of corporate deposit portfolio under his leadership also jumped by 200.75% and an increase of EGP 46.98 bn, to EGP 70.38 bn by the end of September 2024, compared to 23.40 bn by the end of December 2019.

The expansion of corporate loans and support for SMEs has been one of Hassan Ghanem's major achievements. He has diversified banking products to meet the needs of these critical sectors by launching several initiatives and funding programs, which has contributed to enabling entrepreneurs to access the necessary funding through the bank

This boosted the rise of the total corporate loan portfolio of the Bank after registering a record growth rate of 169.58%, moving from EGP 9.83 bn by the end of December 2019, reaching 26.49 bn by the end of September 2024, with an increase of EGP 16.66 bn.

Under his leadership, the Bank has also been able to double the amount of retail loans by nearly 3 times, with the size of the portfolio of retail loans jumping at a growth rate of 174.84% and an increase of EGP 17.32 bn during the period under analysis, reaching EGP 27.23 bn by the end of September 2024, compared to EGP 9.91 bn by the end of December 2019.

This was reflected in the growth of the Bank's total portfolio of loans, which jumped by 172.24% and an increase of EGP 33.98 bn during the period under analysis, to register EGP 53.71 bn by the end of September 2024, compared to 19.73 bn by the end of December 2019

Under its leadership, the Bank was able to double its asset portfolio by more than twice to jump by 203.78% with an increase of EGP 101.87 bn, reaching EGP 156.33 bn by the end of September 2024, compared to 51.46 bn by the end of December 2019.

In terms of net profits, Hassan Ghanem was able to push the Bank towards record growth rates in its net profits, which rose by 209.12% and an increase of EGP 4.080 bn during the period under analysis, to register EGP 6.031 bn in 2023, compared to about 1.951 bn during 2019.

As for the bank's net profit during the year, it increased by 87.17%, to EGP 8.271 bn in the first 9 months of 2024, compared to 4.419 bn during the same period in 2023.

In conclusion, these achievements reflect Hassan Ghanem's strategic vision and ability to lead the Bank to new heights. Housing and Development Bank has become an example in balancing financial growth with the provision of innovative and sustainable banking services.