13.07.2009 - NBE to launch $1.8bln mortgage fund
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