Top 10 banks contributed EGP 58.13 bn to Mortgage financing initiative by end of 2023
First Bank
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 58.130 bn by the end of 2023.
She pointed out that the total Mortgage financing provided by 22 banks in the Egyptian banking sector reached EGP 63.729 bn by the end of 2023.
Additionally, the number of customers benefiting from mortgage financing in banks reached approximately 529.520 clients, accounting for about 96.41% of total customers benefiting from mortgage financing during the last year.
First Bank’s website highlights the contribution of top 10 banks to mortgage financing at the end of 2023, along with the number of customers benefiting from each bank and their percentage of mortgage financing.
Contribution of top 10 banks in Mortgage financing at the end of 2023
| # | Bank Name | Value of financing | Number of customer | ratio % |
|---|---|---|---|---|
| 1 |
National Bank of Egypt-NBE |
17.255 Billion pounds | 144.322 thousand customer | 26.1 % |
| 2 |
Banque Misr |
15.918 Billion pounds | 127.871 thousand customer | 24.1 % |
| 3 |
Housing and Development Bank-HDB |
7.171 Billion pounds | 73.037 thousand customer | 10.8 % |
| 4 |
Banque Du Caire-BDC |
5.13 Billion pounds | 45.348 thousand customer | 7.8 % |
| 5 |
Qatar National Bank-QNB  |
3.366 Billion pounds | 22.856 thousand customer | 5.1 % |
| 6 |
Commercial International Bank-CIB |
3.314 Billion pounds | 24.87 thousand customer | 5 % |
| 7 |
Industrial Development Bank-IDB |
1.884 Billion pounds | 17.1 thousand customer | 2.9 % |
| 8 |
The United Bank |
1.815 Billion pounds | 13.646 thousand customer | 2.7 % |
| 9 |
arab african international bank |
1.232 Billion pounds | 10.362 thousand customer | 1.9 % |
| 10 |
Mashreq Bank Egypt |
1.045 Billion pounds | 6.372 thousand customer | 1.6 % |
