EFSA Mortgage Activity Recorded EGP 564 M in 2016

Mortgage finance activity for the first seven months of 2016 recorded EGP 564 million, compared to EGP 586 million in 2015, said Sherif Samy, Head of the Egyptian Financial Supervisory Authority (EFSA).

Mortgage Firms Grant EGP 540M in 2016

Egyptian mortgage firms granted EGP 540 million during the first half of 2016, compared to EGP 542 million in the same half of the previous year.

CBE Pumps EGP 3.4B into Mortgage Finance Sector

The Central Bank of Egypt has loaned EGP 3.4 billion, through banks, to customers to purchase property under its mortgage initiative.

Egyptian Mortgage Sector Sees 12% Growth

The Egyptian mortgage sector rose by 12% in the first 5 months of 2016, said Sherif Samy, Chairman of the Egyptian Supervisory Authority.

NBE Allocates EGP 700M to Mortgage Finance

The National Bank of Egypt (NBE) has allocated an amount of EGP 700 million, for the purchasing of 8,600 apartments within the Central Bank’s mortgage finance initiative, to provide housing for low and medium-income ...

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