Home National Bank Economy: 3.6 billion pounds of total mortgage financing for low-income people

The National Bank of Egypt announced that the total loans granted by the bank to the limited and average income amounted to £ 3.6 billion for 37,800 beneficiaries under the program. initiative of the Egyptian Central Bank for real estate financing. 2018 to about 2500 housing units for a total cost of 250 million pounds per month separately. The bank said that these developments are part of its support for the state's trend to provide all means to facilitate low-income citizens and in its plan for expansion and investment in the mortgage financing system and social housing. Yahia Aboul Fattouh, vice president of the National Bank of Egypt, said the study is currently underway for 10,409,000 home loans for low and middle income groups, of a value total of about 1.1 billion pounds. He pointed out that it is expected that the volume of the portfolio directed to this activity will increase to 4.7 billion pounds after the completion of all required documents, compared with about 3, 6 billion pounds. He added that 34 branches were distributed in 23 governorates of the country to attend the social housing program, as well as three sectors in the bank's headquarters to accelerate the completion of mortgage financing files, especially in the low-income sector. Hisham Okasha, President of the National Bank of Egypt, said the National Bank is putting its mortgage financing activities, particularly targeting low-income groups, among its priorities. </ P> <p> In a statement issued by the bank, it He adds that his bank is always ready to support the portfolio through an integrated system to study the most needy groups and to design their own funding programs according to their capacities and needs. the seventh consecutive month, surpbading all banks involved in the system

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