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The Housing and Development Bank (Arabic: بنك التعمير والإسكان) is an Egyptian bank established in Cairo on June 30, 1979, originally as a state owned enterprise (SOE), with a mandate to alleviate housing shortages by narrowing the gap between the low supply and increasing demand. [3]
In 1952 Egypt’s private sector accounted for 76 percent of economic investment. Following the nationalization plans carried out by President Gamal Abdel Nasser in the effort to build a post-independence socialist state, this percentage drastically shifted within a few decades to government investment accounting for over 80 percent of economic investment. [1]
The United Bank of Egypt; Housing and Development Bank; ... Export Development Bank of Egypt; Commercial International Bank (CIB) Arab African International Bank;
In addition to its in-house real estate development, NUCA, along with the Housing and Development Bank which it controls, owns a number of real estate developers: [8] City Edge Developments (84%) Hyde Park Developments (78%) Saudi Egyptian Developers (50%)
When public housing production expanded in the 1950s, it was renamed as the Department of Housing and moved to the Ministry of Municipal and Village Affairs. [2] It was only in 1961, after a large scale restructuring of government offices, was the Ministry of Housing and Utilities established as an independent office.
Hypo Alpe-Adria-Bank International: Austria nationalised this bank in 2009, and in 2014 its then-Chancellor feared its insolvency might have a similar effect to the Creditanstalt event of 1931. [3] Verbund 51% SOE (electricity generator and provider) Volksbank 43.3% SOE (retail banking group, with additional operations in Hungary, Romania and ...
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The following is a list of banks in the Arab World.The modern system of Arab banks was created in Egypt in the late 19th century, with the campaign of modernizing the country.