NBE accounts for 25.6% of total Mortgage financing, reaching EGP 17.81 bn, by March 2024End

A recent report from Real Estate Finance Fund revealed that NBE has acquired a 25.6% share of the total mortgage financing granted by banks under mortgage financing initiative, reaching EGP 17.814 bn by the end of March 2023, benefiting 147.332 clients.

Mai Abdelhamid, the head of the Real Estate Finance Fund, noted that the total financing provided by banks has increased to EGP 66.448 bn by the end of March 2024, involving 22 banks in the Egyptian banking sector.

The number of clients benefiting from real estate financing offered by banks has risen to 544.626 clients, with banks now holding 96.51% of the total clients benefiting from mortgage financing in the last year.