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Housing and Development Bank has expanded its nationwide footprint with the inauguration of a new branch in New Fayoum City on November 4, 2026, increasing its total number of branches to 99.

The opening ceremony brought together Yehia Aboul Fotouh, CEO and Managing Director of the bank; Mohamed Gamil, Deputy CEO and Managing Director; and Walid Matar, Assistant Managing Director for Retail Banking, Mortgage Finance and Branches, along with other senior executives.

The inauguration followed an inspection tour covering several branches in Beni Suef and Fayoum.

Supporting Urban Expansion and Financial Inclusion

The new branch forms part of the bank’s broader strategy to strengthen its presence in high-potential locations across Egypt, particularly newly developed urban communities experiencing increasing economic activity.

According to the bank, its expansion plans are designed to improve access to comprehensive banking services, reach new customer segments and support the Central Bank of Egypt’s financial inclusion efforts.

Yehia Aboul Fotouh stressed that the bank will continue expanding its geographic coverage while developing innovative banking products and enhancing service quality to strengthen customer confidence and reinforce its position in the Egyptian market.

He noted that New Fayoum City offers promising opportunities for investment and economic growth as a third-generation city, creating greater demand for banking services that address the needs of residents and investors.

Data-Driven Expansion and Branch Development

Mohamed Gamil highlighted the importance of carefully evaluating economic indicators and investment opportunities when selecting new locations, ensuring efficient geographic coverage and broader access to financial services.

He explained that the strategy aims to attract additional customers, expand the bank’s client base and support sustainable growth.

Modern Facilities and Improved Banking Services

Walid Matar noted that the new branch incorporates modern engineering standards and technological infrastructure to support efficient operations and service delivery.

He added that the bank continues investing in employee training and professional development to ensure customers receive efficient, high-quality banking services in a modern environment.