The Housing and Development Bank (HDB) is offering triple savings certificates with a fixed return for three years, the bank announced. The certificates offer a 20% annual return and an 18.5% monthly return, making them some of the highest-return certificates in the banking sector. This has strengthened the bank’s competitive position, increased its market share, and attracted new customers, while promoting a culture of financial inclusion. As a culmination of the bank’s continuous efforts during the last period, the bank topped the list of banks listed on the Egyptian Exchange. Housing and Development Bank recorded 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 in corporate loans with a growth rate of 56%, and the fastest-growing in individual deposits, with a growth rate of 21.4%.

Source: Daily News Egypt May 24, 2023 13:13 UTC