Top 10 banks contributed EGP53.035 bn to Mortgage financing initiative by October-2023 end

Mai Abd El-hamid, Head of the Real Estate Financing Fund, revealed an increase in Mortgage financing provided by top 10 banks to approximately EGP 53.035 bn by the end of October 2023.

She pointed out that the total Mortgage financing provided by 22 banks in the Egyptian banking sector reached EGP 61.541 bn by the end of October 2023.

Additionally, the number of customers benefiting from mortgage financing in banks reached approximately 516,096 clients, accounting for about 96.3% of total customers benefiting from mortgage financing during the past month.

First Bank’s website highlights the contribution of top 10 banks to mortgage financing at the end of last October, along with the number of customers benefiting from each bank and their percentage of mortgage financing.