NBE accounts for 26.1% of total Mortgage financing, reaching EGP 17.25 bn, by end of 2023
First Bank
NBE
A recent report from Real Estate Finance Fund revealed that NBE has acquired a 26.1% share of the total mortgage financing granted by banks under mortgage financing initiative, reaching EGP 16.17.254 bn by the end of 2023, benefiting 144.322 clients.
Mai Abdelhamid, the head of the Real Estate Finance Fund, noted that the total financing provided by banks has increased to EGP 63.729 bn by the end of 2023, involving 22 banks in the Egyptian banking sector.
The number of clients benefiting from real estate financing offered by banks has risen to 529.520 clients, with banks now holding 96.41% of the total clients benefiting from mortgage financing in the last year.
