Hassan Ghanem: HDB Begins First Phase of 2025–2030 Strategy
Housing and Development Bank (HDB) announced strong financial and operational results for the first nine months of 2025, marking the successful start of implementing its new 2025–2030 strategy, which aims to create a qualitative transformation in the bank’s growth trajectory.
Hassan Ghanem, Chief Executive Officer and Managing Director of Housing and Development Bank, expressed pride in the bank’s robust performance, emphasizing that the results reflect HDB’s institutional agility, operational efficiency, and ability to translate opportunities into tangible achievements.
> “Our financial results are a testament to the bank’s resilience, prudent management, and sustainable growth strategy,” Ghanem said. “We are entering the first phase of our 2025–2030 strategy — an integrated roadmap that will elevate the bank’s performance, enhance operational quality, and reinforce its position as one of Egypt’s leading commercial banks.”
Strong Financial Results and Sustainable Growth
During the first nine months of 2025, HDB achieved a significant increase in profitability, with net profits before income tax and provisions reaching EGP 18.5 billion, compared to EGP 12.3 billion during the same period of 2024 — a 50.9% increase.
Net profit after tax recorded EGP 13.4 billion, up from EGP 8.3 billion, reflecting a 62.5% growth year-on-year.
Operating income rose by 50.7% to EGP 21.9 billion, supported by higher loan yields and effective cost management. The bank’s net interest income increased by 52.7%, reaching EGP 20.3 billion compared to EGP 13.3 billion a year earlier.
Ghanem attributed these results to the bank’s disciplined financial management and proactive approach to leveraging opportunities in a challenging economic environment.
> “HDB continues to focus on optimizing operational efficiency and managing funding costs proactively, ensuring sustainable profitability and long-term growth,” he noted.
Expanding Customer Base and Financial Position
Customer deposits increased by 13.3%, reaching EGP 164.2 billion as of 30 September 2025, compared to EGP 145 billion at the end of 2024.
Corporate deposits grew by 20.1%, while individual deposits increased by 7.9%, reflecting the bank’s success in enhancing customer trust and diversifying its funding base.
Total assets rose by 16.9% to EGP 209.8 billion, driven by strong growth in the loan portfolio, which reached EGP 62.4 billion — an 11.5% increase. Corporate lending grew by 10.1%, while retail lending expanded by 12.9%, supported by effective risk management that reduced non-performing loans to 5.3%, down from 6.5% in 2024.
Strong Capital Base and Shareholder Value
HDB maintained a solid capital adequacy ratio of 42.22%, well above regulatory requirements, with Tier 1 capital accounting for 41.11%.
Return on average equity increased to 61.87%, while return on average assets reached 9.21%, reflecting the bank’s commitment to delivering sustainable value to shareholders and stakeholders.
The bank’s consolidated net profit — including subsidiaries and affiliates — reached EGP 14.45 billion after tax, up 53.6% from the previous year.
Commitment to Sustainability and Responsible Growth
Ghanem highlighted HDB’s ongoing commitment to integrating sustainability across its operations, describing it as a core pillar of the bank’s identity and its 2025–2030 strategy.
In the third quarter of 2025, the bank allocated EGP 10.6 billion to finance sustainable projects, an 83% increase year-on-year, while its sustainable finance portfolio reached EGP 6.9 billion, up 70% from 2024.
> “HDB is determined to create long-term value by balancing financial performance with environmental and social responsibility,” Ghanem added. “We are transforming our commitment to sustainability into real impact through strategic investments that support Egypt’s sustainable development goals.”
Confidence in Egypt’s Economic Outlook
Ghanem also commended the efforts of the Central Bank of Egypt under the leadership of Hassan Abdalla, noting that proactive monetary policies have successfully stabilized the market, curbed inflation, and strengthened investor confidence in the national economy.
He pointed to the improvement in key economic indicators — including the rise in foreign reserves to USD 49.5 billion and the 66.2% increase in remittances from Egyptians abroad — as evidence of the banking sector’s resilience and the strength of Egypt’s financial system.
> “The stability achieved in Egypt’s monetary policy has enhanced the private sector’s capacity for investment and reinforced the banking sector’s vital role in supporting economic growth,” Ghanem said.
Looking Ahead
Concluding his remarks, Ghanem expressed appreciation to shareholders, clients, employees, and partners for their continued trust and support, emphasizing that HDB remains committed to delivering sustainable growth under its 2025–2030 strategy, which focuses on innovation, operational excellence, and customer-centricity.
> “This confidence is our greatest motivation to continue achieving strong financial and operational results while advancing our vision to be a top-tier banking choice in Egypt,” he affirmed.