HDB was established in 1979 with a focus on housing and urban development before transforming into a full-fledged commercial bank with 98 branches and 465 ATMs across Egypt as of March 2025. The bank’s net profit grew by 90% in 2024 to $244 million. In November 2024, it participated with $40.7 million in a consortium of banks to grant the Social Housing and Mortgage Finance Fund a syndicated facility totaling $1 billion. It also joined a banking consortium to provide $89.4 million in financing to Saudi Egyptian Developers for its $508 million ‘Central’ project in New Cairo.