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5 Banks Provide Mortgage Financing for Social Housing Worth EGP 60.2 Billion

Five banks have successfully provided mortgage financing for low-income individuals, reaching approximately EGP 60.2 billion, according to a statement issued by the Social Housing Fund at the end of February.

National Bank of Egypt Leads the Market

The National Bank of Egypt topped the list, granting mortgage loans worth EGP 19.9 billion under the social housing program. A total of 157.5 thousand customers benefited from these loans, giving the bank a market share of 24.4%.

Housing Fund: 5 Banks Provide Mortgage Financing for Social Housing Worth EGP 60.2 Billion

Banque Misr Secures Second Place

Banque Misr ranked second, offering mortgage financing worth EGP 18.8 billion to 144 thousand customers under the Social Housing Fund. This achievement granted the bank a market share of 23.1%.

Banque du Caire Takes Third Spot

Banque du Caire secured the third position by providing EGP 8.3 billion in mortgage loans to 58.6 thousand customers, giving it a market share of 10.2% in the low-income mortgage sector.

Housing & Development Bank in Fourth Place

Housing & Development Bank came in fourth, offering financing worth EGP 7.8 billion to 757 customers, achieving a market share of 9.6%.

QNB Alahli Ranks Fifth

Finally, QNB Alahli secured the fifth position, providing mortgage loans worth EGP 5.4 billion to approximately 31.51 thousand customers, attaining a market share of 6.7%.

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