National Bank of Egypt finances 156,744 thousand customers with a value of 19.737 billion pounds within the “Low-Income” initiative by the end of last January

18.65 billion pounds in financing from Banque Misr in the initiative

The National Bank of Egypt topped the entities participating in the real estate financing initiative for low-income people, with a financing volume of EGP 19.737 billion for 156,744 thousand clients, accounting for 24.5% of the total financing of the initiative by the end of January 2025.

 

A report issued by the Real Estate Finance and Low-Income Support Fund revealed that Banque Misr came in second place with financing amounting to EGP 18.654 billion for 143,134 thousand clients, with a share of 23.2% of the initiative’s financing. In third place came Banque du Caire with a share of 10% with financing amounting to EGP 8.029 billion for about 57,662 thousand clients.

 

In fourth place came the Housing and Development Bank with a financing volume of 7.740 billion pounds for 75,510 thousand customers and a percentage of 9.6%, followed by QNB Bank with a share of 6.7 % and financing of 5.401 billion pounds for 31,210 thousand customers.

 

The Commercial International Bank came in sixth place with 29,386 thousand clients with financing of 4.620 billion pounds, at a rate of 5.7%, then the United Bank with a share of 2.6% and financing of 2.097 billion pounds for 14,907 thousand clients, followed by the Industrial Development Bank with a share of 2.5% and financing of 2.009 billion pounds for 17,841 thousand clients.

 

Next Bank ranked ninth with a share of 1.9%, with financing valued at EGP 1.567 billion for 9,481 thousand clients, and in tenth place was the Arab African International Bank with a share of 1.7%, with financing valued at EGP 1.353 billion, directed to 10,891 thousand clients.

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