Beltone Holding, a rapidly expanding financial institution, has significantly broadened its presence in the mortgage sector through its wholly-owned subsidiary, “Beltone Mortgage”, Invest-Gate reports.

The subsidiary swiftly garnered a 22.25% market share in the first half of 2024, offering efficient and seamless financing solutions for home purchases. This expansion aligns with Beltone’s strategic focus on enhancing its non-banking financial services, catering to the increasing local demand for real estate finance and enabling clients to acquire residential, commercial, and administrative units.

Known for its exceptional speed, Beltone Mortgage has rapidly gained clients’ confidence by approving financing for existing and ready-to-move units within a mere three working days. This rapid process positions Beltone Mortgage as Egypt’s premier mortgage provider, granting clients expedited access to funds.

In Q1 2024, the company disbursed real estate financing amounting to EGP 2.6 bn to 1,050 clients, securing a 22.25% market share of total real estate financing provided by mortgage companies in Egypt.

Hassan Abdelnabi, CEO of Beltone Mortgage, remarked, “Beltone Mortgage introduces an unparalleled experience with unique financial solutions. Our expertise unlocks vast opportunities for individuals seeking residential or investment units and assists businesses in fulfilling their administrative property requirements.”

“We are committed to reinforcing our leadership in the real estate mortgage sector through strategic investments in our workforce, technological advancements, long-term partnerships, and operational excellence. We are also focused on streamlining our processes through our website and mobile application to aid customers in making optimal investments aligned with their financial objectives and cash flow,” Abdelnabi added.

In Q4 2023, Beltone Mortgage secured the Financial Regulatory Authority’s final approval for its mortgage finance license. With a registered and issued capital of EGP 1 bn, the company specializes in financing residential and commercial properties and overseeing lease-to-own transactions.