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Egypt
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Housing and Development Bank (بنك التعمير و الإسكان )

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Housing and Development Bank (بنك التعمير و الإسكان )

Headquarters
26, El Batal Ahmed Ebn Abdel Aziz St. ; Giza; Greater Cairo
Status: Listed
Legal Form: Joint Stock Company
Operational Status: Operational
ISIN CODE : EGS60301C016
Financial Auditors: KMPG Hazem Hassan (2012)
Incorporation Date: June 30, 1979
Total Employees: 2,147

Tel: (+202) 335 7170 / 337 3695

Company Description

Housing and Development Bank (HDB) was established in 1979 under Investment Law by virtue of Ministerial Decree No. 147/1979. HDB is registered with Central Bank of Egypt under No. 89 on 24/9/1979 as an Investment and Business Bank.
HDB principally operates in the housing and development sector. It is involved in the construction of housing projects that targets different income households. The Bank offers its services through four main segments namely Housing Services, Financial Services,
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 7.58%, from EGP 933,696 thousands to EGP 1,004,462 thousands. The results of the period decreased -22.86% reaching EGP 156,243 thousands at the end of the period against EGP 202,548 thousands last year. Return on equity (Net income/Total equity) went from 6.75% to 4.95%, the Return On Asset (Net income / Total Asset) went from 1.00% to 0.70% and the Net Profit Margin (Net Income/Net Sales) went from 21.69% to 15.55% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 606.72% compared to 574.94% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.25 to 0.08 when compared to the previous year.

Key Executives

Fathy El-Sebai Mansour Chariman
Essam Mohamed Abou Hamed Vice Chairman
Ali Salem Hamza BOD - Board of Directors
Ahmed Mahmoud Ma’moon Zekry Representative of Egyptian Awkaf Organization
Hussein Mohamed Farid El-Gendy Representative of Commercial International Bank
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Balance Sheet

Total Assets

22,317,199

20,241,444

Current Assets

816,052

9,327,073

Total Liabilities

19,159,349

17,242,454

Shareholders Equity

3,157,850

2,998,990

Current Liabilities

9,803,336

7,479,728

* All the accounts are in EGP.
Income Statement

Total Operating Revenue

1,004,462

933,696

Net Profit (Loss)

156,243

202,548

* All the accounts are in EGP.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.7%

1%

Annualised Return on Assets (ROA)

0.7%

1%

Return on Equity (ROE)

4.95%

6.75%

Annualised Return on Equity (ROE)

5.21%

12.66%

Return on Sales (ROS)

15.55%

21.69%

Gross Profit Margin

162.42%

163.95%

Efficiency Ratios

Accounts Receivable Turnover

-x

1.72x

Current asset turnover

1.23x

0.10x

Fixed-asset turnover

0.05x

0.09x

Asset Turnover

0.04x

0.05x

Valuation figures and ratios

Enterprise value

20,425,499

19,581,784

Bookvalue (BV)

3,157,850

2,998,990

Net Cash

-19,159,349

-16,825,234

Liquidity Ratios

Current Ratio

8.32%

124.7%

Quick ratio

8.32%

124.7%

Doom's day ratio

0%

5.58%

Leverage Ratios

Leverage ratio

706.72%

674.94%

Debt to equity

606.72%

574.94%

Debt to total assets

85.85%

85.18%

Long Term Debt to Capital

74.77%

76.5%

Market ratios

Market Cap / Net cash

-0.07

-0.16

Trend Ratios

Revenue Trend

107.58%

129.2%

Net Income Trend

77.14%

35.75%