The Housing and Development Bank (HDB) has announced that Basil Al-Haini was elected as a non-executive chairperson of the Bank, and Hassan Ghanem won a new term as CEO. Basil Al-Hini has extensive experience spanning more than 40 years in the commercial and investment banking sector. He held the position of Chairman and Managing Director of Misr Insurance Holding, making many achievements. He also held many leadership positions and served as a non-executive member in the boards of directors and affiliated general assemblies. As a culmination of the bank’s continuous efforts during the last period, it topped the list of banks listed on the stock exchange, recording the fastest growing bank in customer deposits with a growth rate of 42.3%, the fastest growing in assets with a growth rate of 35.9%, and the fastest growing bank in corporate loans with a growth rate of 56%, as well as the fastest growing in individual deposits, with a growth rate of 21.4%.

Source: Daily News Egypt May 16, 2023 16:10 UTC