Egyptian Firms’ Mortgage Finance Surged to EGP4.4bn in March: EFSA

Egyptian General Supervisory Authority (EFSA) Chairman Sherif Samy said the granted mortgage from mortgage finance firms boosted to EGP4.4 billion at the end of last March, move up by EGP441 million in compared to the previous period, adding that the total amounts of mortgage finance up EGP2.3 billion.

The number of beneficial investors from mortgage finance reached 34.3%, Samy added while the number of firms which operating in mortgage finance sector are 12 in addition one refinancing company with EGP1.65 billion paid up capital, Samy explained.

Greater Cairo governorates seized the major proportion from the mortage finance with 69%, Samy noted.