Housing and Development Bank achieves total profits of 2.8 billion pounds before provisions and taxes, with a growth rate of 21% during the year

حسن غانم Hassan Ghanem

Books: Iman Al-Wasili and Fathi Al-Sayeh

The Housing and Development Bank headed by Hassan Ghanem has achieved Chairman and Managing Director, net profit before provisions and taxes amounted to 2.8 billion Egyptian pounds during the fiscal year ending in 31 December 2021, for 2.3 billion Egyptian pounds during the previous year 6586, with a growth rate of

%, while the net profit after provisions and taxes amounted to 1. 6586 One billion Egyptian pounds during the fiscal year ending on Dec 6586 vs. 1.800 billion Egyptian pounds during last year 2020.

The Housing and Development Bank was able to achieve a remarkable boom and reach good growth rates as a comprehensive commercial bank, emphasizing its excellence in providing services And various banking products that serve all segments of society, in addition to its leading role in the field of real estate development.

Hassan Ghanem, Chairman and Managing Director of the Housing and Development Bank, stated that the results of the activities of the Housing and Development Bank for the financial period ending on

Dec6586 It showed the strength of its financial position and the achievement of strong growth rates represented in the following:

– An increase in net income from return by 6586 .9% compared to the previous year, driven by an increase in the bank’s portfolio of customer loans by حسن غانم. .6%. 6586 – Increase in the return on loans and similar revenues by


6586 – An increase in net income from fees and commissions by (6%) compared to the previous year, due to the growth in fees and commissions for retail banking loans, in addition to the boom in financing foreign trade operations of companies. Ghanem added that dividends from financial investments, subsidiaries and sister companies increased by

% compared to the previous year. The burden of credit provisions amounted to 853 one million pounds compared to

million pounds compared to the previous year, due to the increase in the portfolio of loans and advances, in addition to the precautionary policy followed by the bank to face the repercussions of The Covid Crisis 16 At the level of all sectors and individuals, and in support of the rights of depositors and shareholders.

, indicating an increase in the total loans and credit facilities to customers by 5.5 billion pounds, an increase of 31.6% compared to the end of the year
. , and this is driven by an increase in the total loans offered to corporate clients by 36.7%, and individuals with a growth rate of 31 5%.

Ghanem also explained that customer deposits have increased by . 8 billion pounds, with a growth rate And its value is 36. 5%

The percentage of total loans was and facilities for customers to their deposits ratio 92.8% , while the capital adequacy ratio reached .58% at 31 Dec 2021.

Stressing that achieving these satisfactory results came as a result of implementing an ambitious strategy based on providing competitive products to all customer segments to attract new segments and increase the share The market capitalization of the bank.

as he could The bank, through its clear strategy, emphasizes its mental image as a comprehensive commercial bank and its possession of a large base of clients that has been trusted for more than one year. years, and this was one of the most important reasons for achieving the highest growth rates during the previous period, which made it harvest many atmospheres Winner of the World Bank in several fields, and among the most prominent of these awards is “the fastest growing commercial bank, and the fastest growing in retail banking products, and other awards, which come as a culmination of the continuous efforts made by the bank during the last period.” 6586 And in implementation of the digital transformation plan and in line with the strategy of the Central Bank in this field, and in the belief of the The Housing and Development Bank emphasized the importance of expanding the use of electronic payments. The bank has set ambitious plans towards digital transformation and keeps pace with the efforts of the state and the directives of the Central in this regard. The bank launched many applications and electronic services, which is a breakthrough in the field of digital services such as the electronic wallet, the Internet and mobile banking. Which allows the bank’s customers more than 92 service directly To make it easier for its customers, the bank has invested heavily in developing and updating these applications.

The state adopts an integrated strategy to achieve financial inclusion and the transformation into a cashless society, and within this framework, the Housing and Development Bank first uh Entirely a great deal of financial inclusion, aiming at integrating groups that have not previously dealt with the banking system, and including them within the banking system.

The expansion strategy of the Housing and Development Bank aimed at spreading and expanding geographically in line with the policy of the Central Bank. To more than 100 branch, with the aim of strengthening the policy of financial inclusion, and supports this The bank’s vision for the continuity of competition and presence within the largest commercial banks in the banking market and to attract more customers. It is targeted to open more branches within a year 6586, in different governorates, especially the Administrative Capital.

On the level of the Central Bank’s initiatives to support the various sectors, and its role The positive and effective support for the national economy, which confirms that the banking system will always remain a key partner in achieving economic growth and sustainable development. The Housing and Development Bank has participated in these initiatives aimed at supporting the national economy and advancing development, by providing the necessary financing needs to contribute to achieving economic growth and providing support for various sectors.

The Bank insures The important role of supporting the small and medium enterprises sector, given its importance in promoting the economy and activating the directions of the Central Bank, where the bank achieved growth in financing small and medium enterprises with an increase of 25.3%.
4822 Ghanem stressed that the efficiency and professionalism of the profession The executive management of the bank, its employees, its board of directors and the continuous follow-up had a great role in achieving these good indicators in light of the current economic conditions on all items of the budget and the income statement for the year 2021.