Latest in Tag: Mortgage finance Highlight
Latest in Tag: Mortgage finance

AL Ahly Sabbour provides Mortgage Finance up to 20 years to “Green Square” clients, in collaboration with CIB
Al-Ahly Sabbour’s CEO Ahmed Sabbour and CIB’s CEO of Retail Banking Ahmed Eissa inked a Tie-Up in the presence of senior officials from both companies.

Bedaya launches Egypt’s first non-bank mortgage finance app
Application will provide fastest, easiest access to competitive mortgage financing solutions through seamless financing process

Amlak Egypt aims to provide EGP 3bn of mortgage finance in 5 years
Slashing interest rate boosts demand for mortgage finance, says CEO Ayman Abdel Hamid

Amlak Finance acquires 16.5% of mortgage finance market in Egypt
The latest figures compared to the total funds granted in 2019, amounting to EGP 291m, reflecting a growth rate of 152% with a full quarter remaining this year.

City Edge, Suez Canal Bank ink mortgage finance protocol
Under protocol, they agree to provide convenient payment plans for customers with real estate developers

Mortgage finance companies likely to provide EGP 3.5bn loans in 2021
Mortgage finance is safe haven for real estate investments in current period, says Abdel Hamid

Total mortgage finance in Egypt increases 67.6% in 3Q of 2019
MFF’s share of total mortgage financing reached at EGP 136.1m in 3Q of 2019, says FRA

CBE allocates EGP 50bn for mortgage finance for middle-income people
A mini committee was formed including representatives of the CBE, banks operating in the Egyptian market, and real estate developers to discuss mechanism of the rules of facilitating mortgage finance.

Value of mortgage finance drops to EGP 440.7m during Q1 2019
The report pointed out the acquisition by investors according to monthly income segments (up to EGP 2,500) of 58% of the value of mortgage finance during Q1, while the share of those with monthly income (more than EGP 3,500) was about 22%.

Activation of mortgage finance basis for urban development, property export
CBE’s initiative has financed 230,000 clients, says MFF chairperson

Al Oula aims to inject EGP 350m within mortgage finance initiative
The company signed a financing contract with Heliopolis For Housing & Development of EGP 500m

Mortgage finance grows by 57% in first 9 months of 2015
Companies with foreign capital were allowed to finance mortgage in July 2014

NBK-Egypt, Mortgage Finance Fund sign deal for low-income citizens
During the signing of the agreement with Head of the Mortgage Finance Fund, May Abdel Hamid, Hassan said NBK is keen to participate in the promotion of low and middle income real estate finance.

Banks compete for board membership of Egyptian Federation for Mortgage Finance
First general assembly will be held, board of directors elected Thursday
Banks compete for board membership of Egyptian Federation for Mortgage Finance
First general assembly will be held, board of directors elected Thursday

Mortgage finance down 17.1% year on year in first half of 2014
The effect of the CBE mortgage finance initiative to finance low-income housing projects will be felt in the second half of the year, says Cairo University professor

Faisal Islamic Bank to participate in CBE housing initiative
Bank chairman meets prime minister to discuss industrial, urban and economic development projects

Cabinet expands access to mortgage assistance
The government amended the Real Estate Finance law to expand eligibility for mortgage subsidies and increase grants to low-income families
New agreement to facilitate Egypt’s mortgage finance signed
The agreement applies to mortgage companies that fund individuals who are willing to purchase or construct properties in new cities affiliated with the New Urban Communities Authority.

Ziad Bahaa El Din discusses new laws to develop real estate sector
Laws aim at facilitating property registration and mortgage financing