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23 articles for Housing and Development Bank
Egypt Banking Sector 2023: Attempting to counterbalance macro factors
Sector Outlook, Hopes, Fears, and Picks. Interbank Comparison. Individual Banks Fundamental Review.
Dalia Bonna @ Al Ahly Pharos Securities Brokerage 28 December 2022
Housing and Development Bank: 2Q22 – Another strong quarter although sequentially weaker
Robust margins fail to boost earnings as OPEX, provisions and effective tax rate surge sequentially. where gross loans expanded by 9% q/q, bringing YTD growth to 16%, while deposits grew by 12% q/q, and 25% YTD. HDBK is currently trading at 2022 P/E....
Dalia Bonna @ Al Ahly Pharos Securities Brokerage 21 August 2022
Housing and Development Bank: 1Q22 – Strong quarter, annual performance overshadowed by higher opex
HDBK 1Q22 standalone bottom line recorded EGP640 million (+62% q/q, +3% y/y). Robust sequential performance is driven by 1) strong topline growth on improved margins, 2) support coming from dividends from subsidiaries and affiliate companies which co...
Dalia Bonna @ Al Ahly Pharos Securities Brokerage 26 May 2022
Housing and Development Bank: 4Q21 – Growth capped by hefty provisions, as expected; Maintain OW
HDBK4Q21 standalone bottom line recorded EGP396 million (-8% q/q, +5% y/y), bringing FY21 bottom line to EGP 1,830 million (+2% y/y, perfectly in line with our estimates of EGP1,840). However, 4Q21 bottom-line annual growth ended in the green due to ...
Dalia Bonna @ Al Ahly Pharos Securities Brokerage 1 March 2022
Flash Report /
Egypt
Housing and Development Bank: Management Webinar Key Takeaways
HDBK was one of the few banks in Egypt to achieve the SMEs target, which was set by the CBE to reach 20% of total loan portfolio by 2019. HDBK is number two or three in market share in the 3%, 5% and 8% mortgage finance initiative by CBE despite havi...
Dalia Bonna @ Al Ahly Pharos Securities Brokerage 12 January 2022
Egypt Banking Sector 2022: Supported by macro backdrop
Sector outlook, hopes, fears, and picks. Interbank comparison. Individual banks fundamental review.
Dalia Bonna @ Al Ahly Pharos Securities Brokerage 5 December 2021
Details
Egypt
Africa
Banks
About
Housing & Development Bank finances housing and real estate developments and projects. The Bank also offers commercial and investment banking services. Housing & Development Bank attracts deposits from governmental organizations and offers subsidized loans to companies, cooperative housing societies, and individuals.
