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NBE to launch $1.8bln mortgage fund

Posted on 13 July 2009

From Tradearabia.com: State-owned National Bank of Egypt (NBE), Egypt’s largest commercial bank by assets, is setting up a 10 billion Egyptian pound ($1.79 billion) fund to finance home mortgages, a newspaper reported on Sunday.

The business daily Al-Alam al-Yom quoted NBE Chairman Tarek Amer as saying NBE was seeking to provide loans to home buyers at low instalments extending up to 20 years……..Full Article: Source

 
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