Egypt’s Social Housing Fund signs EGP 500 mln mortgage deal with EBank

Egypt’s Social Housing and Mortgage Finance Fund (SHMFF) signed on Saturday a cooperation protocol with the Export Development Bank of Egypt (EBank) to provide 500 million Egyptian pounds in mortgage financing for low- and middle-income citizens.

Under the agreement, EBank will extend real estate financing facilities to eligible beneficiaries of social housing programmes, offering payment plans designed to support affordable homeownership.

The partnership is aimed at broadening access to housing finance, ensuring the sustainability of social housing initiatives, and promoting financial inclusion, the Fund said in a statement.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser