Latest in Tag: HDB Highlight
Latest in Tag: HDB
HDB focuses on financing 4 major sectors of SMEs
Microenterprises will be financed through companies and associations specialised in these projects, says vice chairperson
SMEs acquire 10% of HDB’s loan portfolio until September 2016: chairperson
The bank aims to increase the funding of such projects to 20% by the end of the four-year period, set by the CBE, said Fathy El-Sebai
HDB pumps EGP 56m in ‘Your Project’ programme over 7 months
Funding volume amounts between EGP 50,000-3m with an interest rate of 5%, projects obtain approvals in five days
HDB graduates first batch in the SMEs financing training course
The Housing and Development Bank (HDB) and FA Group for Financial Consulting have held a graduation ceremony for the first batch of small- and medium-sized enterprises (SMEs) financing training course, which included 25 of the bank’s employees. Graduation certificates were given to the trainees in the presence of the former governor of the Central Bank …
Acumen-Beltone to promote subscription to HDB fund in Q1of 2017
The company is planning to promote the fund among investors from Gulf countries, besides local investors to ensure its shares will be sold
Banks working to prevent customer manipulation on electronic payment cards abroad
New controls and shortening limits on card usage are being implemented to maintain the state’s foreign exchange
Hyde Park Properties targets EGP 3bn in sales by end of 2017
The company’s administrative units project covers 500,000 sqm; its first phase will be launched next year with investments worth EGP 200-300m,says CEO
Egypt’s economy growing at good pace, investment incentives will enhance growth: HDB chairperson
The Egyptian market is large and diverse; Arab and foreign investors want to enter into it because they realise it is promising
HDB suspends cards of manipulative clients, closes their accounts: chairperson
Banks are making great efforts to solve foreign currency shortage in Egypt
HDB Loans portfolio amounts to EGP 8.7bn as of June: chairperson
Net profits of the bank reached EGP 394.7m in the first half of 2016, increasing 22.6% y-o-y, says El-Sebai
HDB posts SME loan portfolio of EGP 1bn: CEO
SMEs constitute 12% of the bank’s loan portfolio
HDB records gross profits of EGP 491.2m for 2015
The HDB’s loans portfolio increased by 15.5% to record EGP 8.2bn, while deposits increased by 21.8% recording EGP 11.7bn
HDB aims to inject EGP 500m in retail loans over 2016
Retail loans constitute 58% of the total loans portfolio in the bank, says Assistant Managing Director
EFSA grants Hermes, HDB, Wadi Degla financial leasing licences
Many banks, in coordination with the authority, consider establishing financial leasing companies
Work, production will pull Egypt out of crisis: HDB Chairman
Building pillars of state is the basis for achieving economic growth and stability, says El-Sebai