The Mortgage Finance Fund (MFF) and Nasser Social Bank (NSB) signed a cooperation protocol to provide mortgage finance worth EGP 50 mn for low-income classes, Invest-Gate reports.

The number of financing parties reached 17 banks and six mortgage companies, according to May Abdel Hamid, head of the MFF.

As part of this initiative, the fund has recently signed agreements worth EGP 50 mn and EGP 100 mn with Egyptian Housing Finance Co. and Amlak Finance respectively.