Banque Misr, FEI ink cooperation protocol to extend CBE-backed home loans

State-owned Banque Misr and the Federation of Egyptian Industries’ real estate division have signed a cooperation agreement to expand mortgage lending to middle-income families through a CBE-backed EGP 50 bn package and BM’s own real estate financing products, Youm7reports. Under the agreement, both parties will work to streamline the lending process, a statement cited by the newspaper says, without giving details.