Mortgage finance in Egypt reaches $1.60bln, benefiting 617,500 citizens

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Egypt's net external assets (NFAs) increased by $2.74 billion in January, mainly due to the sale of $2 billion in dollar-denominated bonds, according to Central Bank data. NFAs reached $8.70 billion, compared to $5.96 billion at the end of December, based on Reuters' calculations based on the central bank's official exchange rates. This increase follows three consecutive months of decline at the end of 2023. Egypt finalized the sale of $2 billio…

Zawya

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Mortgage finance in Egypt reaches $1.60bln, benefiting 617,500 citizens

Direct cash subsidies granted to beneficiaries amounted to $200mln, with an average mortgage loan of EGP 131,500 per client

Daily News Egypt

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Mortgage finance in Egypt reaches EGP 81.22bn, benefiting 617,500 citizens

Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund (SHMFF), announced that total mortgage financing in Egypt has reached approximately EGP 81.22bn, benefiting 617,500 recipients through 22 banks and eight mortgage finance companies. She noted that direct cash subsidies granted to beneficiaries amounted to EGP 10.13bn, with an average mortgage loan of EGP 131,500 per client. Since June 1, 2014, a total of 19 housing announcement…