3.6 billion pounds Total Mortgage Financing Portfolio for National Low Income Bank



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  3.6 billion pounds National Bank Low Income Total Mortgage Financing Portfolio National Bank
3.6 billion pounds National Bank Low Income Total Mortgage Financing Portfolio

at l. State support to provide all means to low-income citizens, The National Bank of Egypt (NBE) has established three independent real estate finance units on October 6, the 10 Ramadan and the Industrial Zone of Minya.The total loans granted by the bank to the limited and average income amounted to 3.6 billion pounds, As part of the initiative of the Central Bank of Egypt, where the average of what he gave to the bank from these funds during the months of May and June 2018 to about 2500 housing units with a total cost of 250 million pounds per month .

Yahya Abul-Fotouh, Vice President of the National Bank of Egypt, said that about 10409 cases are currently under study for a total value of about 1.1 billion pounds and the portfolio is expected to reach 4.7 billion pounds.

a guest who received 34 branches spread across 23 governorates spread throughout the Republic to manage the social housing program and the establishment of three sectors of the bank's headquarters.

Hisham Okasha, President of the National Bank of Egypt, pointed out that Ahli Bank was setting up mortgage financing activities, particularly targeting low-income groups, as it still wanted to support this portfolio through an integrated system of study of the most needy categories. And designing their own funding programs based on their capabilities and needs, allowing the National Bank of Egypt to get first place in the mortgage financing system in late May for the seventh consecutive month , surpbading all the banks involved in the system . ] Source: [19459015