Mortgage finance initiative for low-income housing in Egypt records $2.60bln in August

Banks and finance companies’ contributions to the Central Bank of Egypt’s mortgage finance initiative for low-income housing reached EGP 49.23bn benefiting about 446,934 customers in August 2022. The Social Housing and Mortgage Finance Fund revealed that banks’ contributions amounted to about EGP 46.955bn to about 428,150 customers within the initiative,…