Company: Housing & Development Bank
Country: Egypt
Sector: Regional Banks
CEO: Hassan Ghanem (Executive Chairman and Managing Director)
Website: https://www.hdb-egy.com
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Cairo, Egypt
Founded: 1979
Valuation/Revenue: $401.0m revenue / $592.7m market value (African Business Top 250, 2025); market value of approximately $1.1bn per Forbes Middle East’s Egypt’s 50 Most Valuable Companies 2026
Housing & Development Bank (HDB) is an Egyptian commercial bank originally established to help finance housing and urban development, and it has since grown into a full-service bank listed on the Egyptian Exchange. It is majority owned by Egyptian state entities, including the New Urban Communities Authority, alongside significant Gulf investor stakes.
What Does Housing & Development Bank Do?
HDB provides retail banking, corporate lending, real estate finance and treasury services, with a historical specialization in mortgage and housing-related finance stemming from its founding mandate. Today it operates as a broader commercial bank serving individuals and businesses across Egypt while retaining a strong presence in real estate and construction-sector financing.
How Old Is Housing & Development Bank?
HDB was founded in Cairo on 30 June 1979, originally as a state-owned enterprise established specifically to address Egypt’s housing shortages by helping narrow the gap between limited housing supply and rising demand. It has operated for well over four decades, evolving from a specialized housing-finance vehicle into a diversified commercial bank.
Who Is the CEO of Housing & Development Bank?
Hassan Ghanem serves as Executive Chairman and Managing Director of HDB. In March 2026, the bank’s board renewed Ghanem’s mandate for a new term running from 2026 to 2029, underscoring continuity in the bank’s leadership. Ghanem has also been a visible public commentator on Egyptian macroeconomic trends, including remarks on education spending and remittance flows.
Who Owns Housing & Development Bank?
As of the most recently available ownership data, Egyptian state entities collectively control roughly 60% of HDB, with the New Urban Communities Authority alone holding approximately 29.81%. Gulf investors, including Saudi businessmen investing through Dubai-based investment vehicles, hold roughly 20% of the bank, with the remainder held by public shareholders on the Egyptian Exchange.
How Big Is Housing & Development Bank?
African Business’s Top 250 (2025) recorded HDB’s revenue at approximately $401.0 million and market value at roughly $592.7 million. More recent data shows continued growth: Forbes Middle East’s “Egypt’s 50 Most Valuable Companies 2026” list placed HDB’s market value at approximately $1.1 billion (13th on that list), and the bank posted EGP 9.924 billion in net profit for the first half of 2026, reflecting strong earnings momentum amid Egypt’s high-interest-rate banking environment.
Is Housing & Development Bank Publicly Traded?
Yes. HDB trades on the Egyptian Exchange under the ticker HDBK and is one of the more actively covered mid-to-large-cap banking stocks in the Egyptian market.
How Does Housing & Development Bank Compare to Its Competitors?
HDB competes with a range of Egyptian commercial banks including Commercial International Bank (CIB), Banque Misr, National Bank of Egypit, and QNB Alahli, as well as more specialized real estate financiers. While it is smaller than Egypt’s largest state banks by total assets, HDB has carved out a strong niche in real-estate and housing-related finance stemming from its founding mandate, alongside general commercial banking growth.
What Has Housing & Development Bank Been in the News For Recently?
Recent coverage has focused on the board’s March 2026 renewal of CEO Hassan Ghanem’s mandate through 2029, the bank’s strong first-half 2026 profit of nearly EGP 10 billion, and Ghanem’s public commentary at Egyptian economic forums regarding education spending and remittance inflows, positioning HDB’s leadership as an active voice in Egypt’s broader economic policy conversation.
How Do I Apply for a Job at Housing & Development Bank?
HDB posts career opportunities through its corporate website and investor relations channels; a dedicated public careers-portal URL could not be independently verified for this profile.
What Is Housing & Development Bank’s Business Mix Today?
While HDB’s founding mandate centred on housing finance, the bank today runs a broadly diversified commercial banking business, including retail deposits and lending, corporate and SME finance, treasury operations, and continued real-estate and construction-sector lending that draws on its decades of sector expertise. This diversification has allowed HDB to benefit from Egypt’s high-interest-rate environment in recent years, as the Central Bank of Egypt’s monetary tightening cycle has boosted net interest income across the Egyptian banking sector, contributing to HDB’s strong first-half 2026 profit performance. The bank’s continued emphasis on real-estate lending also positions it to benefit from Egypt’s ongoing new-city and urban development programmes, which remain a major driver of construction activity nationally.
Links
Website: https://www.hdb-egy.com
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Housing & Development Bank government-owned?
It is majority-influenced by Egyptian state entities (around 60% combined), with the New Urban Communities Authority as the largest single shareholder, alongside private and Gulf investors.
Who is the CEO of Housing & Development Bank?
Hassan Ghanem, whose mandate as Executive Chairman/CEO was renewed for 2026-2029.
Is Housing & Development Bank publicly traded?
Yes, on the Egyptian Exchange under the ticker HDBK.
How big is Housing & Development Bank?
Forbes Middle East’s 2026 list valued it at approximately $1.1 billion; African Business’s Top 250 (2025) had put it at roughly $592.7 million.
When was Housing & Development Bank founded?
1979, originally to help finance Egyptian housing development.
Is Housing & Development Bank still operating in 2026?
Yes, and it posted strong profit growth and a renewed CEO mandate in 2026.