The First Bank website monitors the size of the top 10 Banks contribution to mortgage finance by the end of Au

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First Bank monitors:

Top 10 Banks contribution to Mortgage Finance Initiative with EGP 64.4 bn by the end of August 2024

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May Abdel Hamid, Chairperson of the Mortgage Finance Fund, revealed that Mortgage finance provided by the top 10 Banks rose to around EGP 64.438 bn by the end of August 2024.

Total mortgage finance provided through 22 banks operating in the Egyptian banking sector rose to EGP 70.627 bn by the end of August 2024.

She added that the number of Banks’ customers benefiting from total mortgage finance was about 564.102 thousand customers, acquiring about 96.6% of total customers benefiting from mortgage finance during the past month.

The First Bank website monitors the size of the top 10 Banks' contribution to mortgage finance by the end of August 2024, the number of customers benefiting from each bank, and its share of the total mortgage finance:

Mortgage Finances granted to Banks during August 2024

# Bank name Finance value customers number Bank share of total Finance
1 National Bank of Egypt-NBE
National Bank of Egypt-NBE
18.553 Billion pounds 151.234 thousand customers 25.4 %
2 Banque Misr
Banque Misr
17.375 Billion pounds 136.551 thousand customers 23.8 %
3 Housing and Development Bank-HDB
Housing and Development Bank-HDB
7.452 Billion pounds 74.301 thousand customers 10.2 %
4 Banque Du Caire-BDC
Banque Du Caire-BDC
6.572 Billion pounds 52.229 thousand customers 9 %
5 Qatar National Bank-QNB
Qatar National Bank-QNB
4.389 Billion pounds 27.34 thousand customers 6 %
6 Commercial International Bank-CIB
Commercial International Bank-CIB
3.705 Billion pounds 26.279 thousand customers 5.1 %
7 Industrial Development Bank-IDB
Industrial Development Bank-IDB
1.965 Billion pounds 17.6 thousand customers 2.7 %
8 The United Bank
The United Bank
1.93 Billion pounds 14.246 thousand customers 2.6 %
9 arab african international bank
arab african international bank
1.277 Billion pounds 10.592 thousand customers 1.7 %
10 BANK NXT
BANK NXT
1.22 Billion pounds 8.182 thousand customers 1.7 %