17 banks in­volved in fi­nanc­ing lim­ited and mid­dle-in­come hous­ing

The Daily News Egypt - - Business -

“There are 17 banks and three com­pa­nies par­tic­i­pat­ing in the CBE’s ini­tia­tive to fi­nance [hous­ing for] lim­ited and medium-in­come [peo­ple].There are ne­go­ti­a­tions to en­ter two new banks and an­other com­pany within the ini­tia­tive in the com­ing pe­riod,” said MaiAb­del Hamid,head of the MFF.

She ex­plained that the num­ber of ben­e­fi­cia­ries of this ini­tia­tive so far amounted to about 104,000 peo­ple, to­talling EGP 9.2bn.

Abdel Hamid added that the fund has dis­bursed EGP 1.8bn to sup­port the ben­e­fi­cia­ries of the ini­tia­tive since Fe­bru­ary 2014.

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