nbe offers real estate funds worth egp 700m
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

NBE offers real estate funds worth EGP 700m

Arab Today, arab today

Arab Today, arab today NBE offers real estate funds worth EGP 700m

Hazem Hegazy, CEO of retail banking at the NBE.
Cairo - MENA

The National Bank of Egypt has provided a total of 700 million pounds worth of real estate funds for limited and middle-income brackets to buy 8,600 residential units, said Hazem Hegazy, CEO of retail banking at the NBE.

The NBE has launched real estate funding as a product to help the limited and middle-income brackets buy residential units in new urban communities across Egypt, Hegazy added.

The funds are offered at low interest rates and over long payment periods that can extend to 20 years, he noted.

The funds are offered in line with an initiative launched by the Central Bank of Egypt (CBE) to activate real estate funding for limited and middle-income brackets, Hegazy said.

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nbe offers real estate funds worth egp 700m nbe offers real estate funds worth egp 700m

 



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nbe offers real estate funds worth egp 700m nbe offers real estate funds worth egp 700m

 



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