CBE extends EGP 6 bn through its mortgage finance initiative -Negm

The Central Bank of Egypt has now pushed EGP 6 bn into its initiative to promote mortgages for low and middle income, deputy central bank governor Gamal Negm said, according to Al Mal. The CBE is looking to bring total financing extended under the initiative to EGP 10 bn and could raise that ceiling if there is sufficient demand, he said.