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The Housing and Development Bank wins two prizes in the celebration of the Egypt Best Summit 2020



The Housing and Development Bank was honored at the Egypt for the Best Summit that was held on February 28th, under the patronage of Dr. Mostafa Madbouly, Prime Minister, and with the participation of a number of ministers, in the celebration held annually to honor the most influential institutions and companies that have achieved exceptional successes and provided added value to the economy and society. Al-Masry during the year 2020 in light of the challenges posed by the Corona pandemic.


Housing and Development Bank (HDB), through the Egypt for the Best Summit, was awarded the Achievement Award in the growth of retail banking services among the institutions that achieved the highest achievements and growth during the year 2020.

 

 He was also honored in the list of the best 100 institutions and companies operating in the Egyptian market for the year 2020, as the bank was able to achieve a breakthrough in performance indicators, according to the criteria set by the summit and the selection was based on a study of the largest and most important companies listed on the Egyptian Stock Exchange, through a set of criteria related to returns and net profits And market value and growth.

 

The two awards were received by Hassan Ghanem, Chairman and Managing Director of the bank, by Dr. Nevin Jameh, Minister of Trade and Industry, on behalf of the Prime Minister.


The Housing and Development Bank was able to achieve positive results and record strong growth rates for the fiscal year 2020, despite the exceptional circumstances and the negative effects resulting from the Coronavirus pandemic on all fields and economic activities. However, the Housing and Development Bank was able to achieve good results during the year 2020, as profits reached The combined profits are 2 billion pounds, while the independent profits of the bank are 1.8 billion pounds.

 

Hassan Ghanem, Chairman and Managing Director of the bank, thanked the organizers of the celebration, and confirmed that the Housing and Development Bank has succeeded in implementing its strategic plan through which it seeks to be at the forefront of commercial banks, which has contributed to the achievement of many achievements in the various activities of the bank’s banking. What was reflected in the results of the bank’s business and its financial performance, as the bank adopted a strategic plan through which it seeks to be at the forefront of commercial banks through several main axes, including the keenness to develop and provide banking services to meet the various banking needs of customers, expand digital services and work to develop them permanently. In line with the Central Bank's plan to enhance financial inclusion and digital transformation efforts.

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