NBE planning on increasing stake in Mortgage Finance Fund

National Bank of Egypt (NBE) is planning on increasing their exposure to the CBE’s Mortgage Finance Fund to EGP 5 bn, said Head of Retail Credit Risk Karim Sous. The bank had previously injected EGP 2.2 bn into the program and now with the CBE upping the size of the fund to EGP 20 bn it appears NBE is following suit.