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.
