{"id":594290,"date":"2019-10-24T03:57:00","date_gmt":"2019-10-24T03:57:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/cbe-extends-egp-235-mn-in-mortgage-financing\/"},"modified":"2019-10-24T03:57:00","modified_gmt":"2019-10-24T03:57:00","slug":"cbe-extends-egp-235-mn-in-mortgage-financing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/cbe-extends-egp-235-mn-in-mortgage-financing\/","title":{"rendered":"CBE extends EGP 235 mn in mortgage financing"},"content":{"rendered":"<p>The Central Bank of Egypt (CBE) has extended an additional EGP 235 mn to mortgage companies to provide subsidized loans for middle-income homebuyers., Mortgage Finance Fund Chairwoman May Abdel Hamid <a href=\"https:\/\/www.masrawy.com\/news\/news_economy\/details\/2019\/10\/23\/1657641\/%D9%85%D9%8A-%D8%B9%D8%A8%D8%AF-%D8%A7%D9%84%D8%AD%D9%85%D9%8A%D8%AF-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%B6%D8%AE-235-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87-%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84#sectionListing\">told Masrawy reporters<\/a>. The CBE <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/02\/central-bank-to-subsidize-middle-income-housing-mortgage-with-egp-50-bn\/\">recently renewed<\/a> its mortgage financing program that originally ran from 2014 until January this year, and said it will provide EGP 50 bn to the fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Egypt (CBE) has extended an additional EGP 235 mn to mortgage companies to provide subsidized loans for middle-income homebuyers., Mortgage Finance Fund Chairwoman May Abdel Hamid told Masrawy reporters. The CBE recently renewed its mortgage financing program that originally ran from 2014 until January this year, and said it will provide [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,7087,8276,2401,2402,190],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594290","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-finance","tag-housing","tag-mortgage-finance-fund","tag-real-estate-housing","tag-social-welfare","wpautop","entry"],"acf":{"mongo_id":"985dc743-ff12-4063-925c-0bc88c059d1d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[594261],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBE extends EGP 235 mn in mortgage financing - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/cbe-extends-egp-235-mn-in-mortgage-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE extends EGP 235 mn in mortgage financing\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Egypt (CBE) has extended an additional EGP 235 mn to mortgage companies to provide subsidized loans for middle-income homebuyers., Mortgage Finance Fund Chairwoman May Abdel Hamid told Masrawy reporters. The CBE recently renewed its mortgage financing program that originally ran from 2014 until January this year, and said it will provide [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/cbe-extends-egp-235-mn-in-mortgage-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-24T03:57:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/cbe-extends-egp-235-mn-in-mortgage-financing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/cbe-extends-egp-235-mn-in-mortgage-financing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE extends EGP 235 mn in mortgage financing\",\"datePublished\":\"2019-10-24T03:57:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/cbe-extends-egp-235-mn-in-mortgage-financing\/\"},\"wordCount\":65,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Finance\",\"housing\",\"Mortgage Finance Fund\",\"Real Estate + Housing\",\"social welfare\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/cbe-extends-egp-235-mn-in-mortgage-financing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/cbe-extends-egp-235-mn-in-mortgage-financing\/\",\"name\":\"CBE extends EGP 235 mn in mortgage financing - 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Under the cooperation protocol signed earlier this week, SODIC clients will be able to purchase ready-for-delivery homes with\u2026","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/106.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623292,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/housing-ministry-cbe-look-to-expand-mortgage-finance-fund-by-egp-10-bn\/","url_meta":{"origin":594290,"position":1},"title":"Housing Ministry, CBE look to expand Mortgage Finance Fund by EGP 10 bn","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"The Housing Ministry is in talks with the CBE to extend the EGP 20 bn Mortgage Finance Fund with an additional EGP 10 bn tranche, deputy Housing Minister Khaled Abbas tells Al Mal. The current tranches are expected to be disbursed by year-end. The fund seeks to boost financing the\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628206,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/","url_meta":{"origin":594290,"position":2},"title":"CBE disburses EGP 500 mn to mortgage finance companies","author":"enterpriseam admin","date":"27 June 2018","format":false,"excerpt":"The central bank has agreed to expend a second EGP 500 mn tranche to mortgage finance companies from its EGP 20 bn Mortgage Finance Fund, CBE Sub-governor Lobna Helal said, according to Al Mal. Five companies are currently enrolled in the CBE\u2019s initiative and talks are ongoing with the Finance\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568791,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/central-bank-of-egypt-to-launch-mortgage-finance-program-in-march\/","url_meta":{"origin":594290,"position":3},"title":"Central Bank of Egypt to launch mortgage finance program in March","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"CBE to launch mortgage finance program next month: The Central Bank of Egypt (CBE) is finalizing its mortgage finance program with several banks ahead of launching it in March, Mubasher reports, citing unnamed sources in the know. The EGP 50 bn program announced in December will provide middle-income homebuyers with\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645835,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/aloula-to-spend-egp-350-mn-on-mortgage-finance-for-low-income-earners\/","url_meta":{"origin":594290,"position":4},"title":"Aloula to spend EGP 350 mn on mortgage finance for low-income earners","author":"enterpriseam admin","date":"31 July 2017","format":false,"excerpt":"El Taamir Mortgage Finance (Aloula) plans to lend EGP 350 mn as part of the CBE\u2019s mortgage finance initiative to low-income house buyers, that will be funded by the Egyptian Mortgage Refinance Company, Chairman Hassan Hussein tells Al Borsa. The CBE\u2019s initiative offers mortgage finance loans at 5% and 7%\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598694,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/central-bank-to-subsidize-middle-income-housing-mortgage-with-egp-50-bn\/","url_meta":{"origin":594290,"position":5},"title":"Central bank to subsidize middle-income housing mortgage with EGP 50 bn","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"The Central Bank of Egypt (CBE) announced on Thursday it will provide EGP 50 bn to reintroduce subsidized mortgages for middle-income homeowners, according to a statement (pdf). 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