Credit Agricole, Faisal allocate EGP 500 mn and EGP 200 mn to CBE’s mortgage finance initiative

The central bank’s Mortgage Finance Fund has signed agreements with Credit Agricole and Faisal Islamic Bank that will see them make EGP 500 mn and EGP 200 mn, respectively, available to financing housing purchases for the mid- and low-income segment, Al Borsa reports.