Tuesday 04/March/2025 – 01:02 PM
The funds of banks and companies joining the initiative of the Central Bank of Egypt for real estate financing for low -income people, at the end of last February 2025, recorded a significant increase in 81.7 billion pounds for the number of clients approximately 619.327 thousand customers.
81.7 billion pounds, the value of banks and companies ’financing at the Real Estate Finance Initiative at the end of last February
This came, according to a document obtained by Cairo 24, from the reports of the Systems Management Reports of the Housing and Real Estate Finance Support Fund, which included the list of banks and companies participating in the real estate financing initiative, and included 22 banks and 8 real estate financing companies, and the volume of financing directed to customers.
The National Bank was able to issue funds with more than 19 billion and 928 million pounds, for approximately 158 thousand customers, at 24.4% of the total funds provided to banks.
Banque Misr came second with 18 billion and 857 million pounds, with a total number of clients that exceeded 144 thousand customers, while Bank Cairo came third with a value that exceeded 8 billion and 323 million pounds, for more than 58 thousand customers.
In the same context, Eng. Sherif El -Sherbiny, Minister of Housing, Utilities and Urban Communities, said that about a million housing units were being launched within the presidential initiative “housing for all Egyptians – a low -income axis.”
He pointed out that the implementation of 721 thousand units for low -income people has been completed, and the implementation of the implementation of 251 thousand other housing units is being completed, and it includes 54.6 thousand housing units within the green housing program in 9 cities being implemented and support within the initiative, in the fifth and sixth stages, and 27944 thousand medium and investment units are being implemented in 15 cities and cities.
Mai Abdel Hamid, CEO of the Social Housing Fund and Real Estate Finance Support, reviewed the position of a housing declaration for all Egyptians 5 “with a total of 78 thousand housing units, pointing out that the number of citizens who purchased the conditions booklets is about 762 thousand, including about 589 thousand citizens who paid the seriousness of the reservation, and about 571 thousand citizens submitted the website of the fund.
Mai Abdel Hamid confirmed the financial position of the implementation of the presidential initiative units “housing for all Egyptians” and the position of citizens applying to reserve housing units, explaining that until now 19 advertisements have been launched since 1/6/2014, submitted to reservations with 2.1 million citizens, and the number of beneficiaries of real estate financing reached 617.5 thousand beneficiaries.
