Egypt: Banks, financing companies inject $1.45bln into low-income housing initiative by June 2024

The Social Housing and Mortgage Finance Fund recently disclosed that banks and companies participating in the low-income housing finance initiative have collectively provided funding amounting to EGP 70.6bn for over 573,000 clients as of June 2024. Specifically, banks contributed EGP 68.1bn, benefiting approximately 553,450 clients (96.5% of the initiative), while…