The contribution of top 10 banks in Mortgage financing, worth EGP 54.014 bn by July-2023end
First Bank
Mai Abdel Hamid, head of Mortgage Finance Fund, revealed that Mortgage financing provided through the top 10 banks reached EGP 54.014 bn by the end of July 2023.
She pointed to the increase in Mortgage estate financing provided through 22 banks operating in the Egyptian banking sector to EGP 59.125 bn by the end of July 2023.
She added that the number of customers benefiting from Mortgage financing in banks reached 503.183 thousand customers, accounting for 96.2% of total customers benefiting from Mortgage financing during the past month.
First Bank monitors the volume of contribution of top 10 banks in Mortgage financing by the end of July last month, and the number of customers benefiting from each bank, and its percentage of total Mortgage financing:
contribution of top 10 banks in Mortgage financing during July 2023
| # | Bank Name | Value of Financing | Number of customers | Ratio% |
|---|---|---|---|---|
| 1 |
National Bank of Egypt-NBE |
16.455 Billion pounds | 139.7 thousand customer | 26.8 % |
| 2 |
Banque Misr |
14.9 Billion pounds | 121.2 thousand customer | 24.2 % |
| 3 |
Housing and Development Bank-HDB |
6.8 Billion pounds | 71.3 thousand customer | 11.2 % |
| 4 |
Banque Du Caire-BDC |
4.05 Billion pounds | 39.795 thousand customer | 6.6 % |
| 5 |
Commercial International Bank-CIB |
3.223 Billion pounds | 24.443 thousand customer | 5.3 % |
| 6 |
Qatar National Bank-QNB Al Ahli |
2.94 Billion pounds | 20.63 thousand customer | 4.8 % |
| 7 |
Industrial Development Bank-IDB |
1.822 Billion pounds | 16.671 thousand customer | 3 % |
| 8 |
The United Bank |
1.741 Billion pounds | 13.116 thousand customer | 2.8 % |
| 9 |
arab african international bank |
1.202 Billion pounds | 10.192 thousand customer | 2 % |
| 10 |
Mashreq Bank Egypt |
878.4 Million pounds | 5.438 thousand customer | 1.4 % |
