Banks, companies offer EGP 73.09bn under ‘Affordable Housing Initiative’ until August – Dailynewsegypt
Banks and mortgage companies participating in the Affordable Housing Initiative have provided financing worth EGP 73.09bn to more than 583,700 clients until August 2024. According to a report from the Social Housing and Mortgage Finance Support Fund, 22 participating banks
Egypt’s economy shows signs of recovery despite challenges: IMF – Dailynewsegypt
Egypt’s economy is showing signs of recovery following a difficult period marked by weak economic activity and foreign exchange shortages, according to a recent report by the International Monetary Fund (IMF). While growth slowed to an average of 2.5 percent
Financial position of banks operating in Egypt surges to EGP 17.8trn in Q1 2024: CBE
The Central Bank of Egypt (CBE) recently disclosed a substantial increase in the aggregate financial position of banks operating within the local market (excluding the CBE itself). As of March 2024, this position reached EGP 17.896trn, compared to EGP 14.2trn