Egypt - The banks participating in the mortgage finance initiative for low-income people pumped EGP 48.334bn in funds to about 436,800 customers, until the end of September 2022. The Housing and Development Bank came in third place with EGP 6.412bn in financing directed to 68,649 clients, with a share of 12.7%, then Banque du Caire with EGP 3.174bn in financing directed to about 34,100 beneficiaries, with a share of 6.3%. In the fifth place came the Commercial International Bank – Egypt with financing amounting to EGP 2.898bn, benefiting 22,713 clients, with a share of 5.7%, then QNB Al-Ahly Bank with funds amounting to EGP 1.908bn directed to about 14,391 clients, with a share of 3.8%. Then BLOM Bank Egypt, with financing amounting to EGP 676.5m for 5795 clients, ranking tenth among the banks participating in this initiative. © 2022 Daily News Egypt.

Source: Daily News Egypt October 17, 2022 06:42 UTC