Top 10 Banks contribution to Mortgage Finance Initiative with EGP 64.4 bn by the end of August 2024
First Bank
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 |
18.553 Billion pounds | 151.234 thousand customers | 25.4 % |
| 2 |
Banque Misr |
17.375 Billion pounds | 136.551 thousand customers | 23.8 % |
| 3 |
Housing and Development Bank-HDB |
7.452 Billion pounds | 74.301 thousand customers | 10.2 % |
| 4 |
Banque Du Caire-BDC |
6.572 Billion pounds | 52.229 thousand customers | 9 % |
| 5 |
Qatar National Bank-QNB  |
4.389 Billion pounds | 27.34 thousand customers | 6 % |
| 6 |
Commercial International Bank-CIB |
3.705 Billion pounds | 26.279 thousand customers | 5.1 % |
| 7 |
Industrial Development Bank-IDB |
1.965 Billion pounds | 17.6 thousand customers | 2.7 % |
| 8 |
The United Bank |
1.93 Billion pounds | 14.246 thousand customers | 2.6 % |
| 9 |
arab african international bank |
1.277 Billion pounds | 10.592 thousand customers | 1.7 % |
| 10 |
BANK NXT |
1.22 Billion pounds | 8.182 thousand customers | 1.7 % |
