{"id":626698,"date":"2018-07-09T04:19:51","date_gmt":"2018-07-09T04:19:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/nbe-to-establish-three-independent-mortgage-financing-units\/"},"modified":"2018-07-09T04:19:51","modified_gmt":"2018-07-09T04:19:51","slug":"nbe-to-establish-three-independent-mortgage-financing-units","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/nbe-to-establish-three-independent-mortgage-financing-units\/","title":{"rendered":"NBE to establish three independent mortgage financing units"},"content":{"rendered":"<p>The National Bank of Egypt (NBE) is planning to establish three independent mortgage financing units in 6 October City, 10 Ramadan City, and the industrial zone in Minya, as part of the bank\u2019s plan to <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/15\/nbe-planning-on-increasing-stake-in-mortgage-finance-fund\/\">expand its exposure<\/a> to the Central Bank\u2019s Mortgage Finance Fund, Vice Chairman Yehia Aboul Fotouh said yesterday, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=08072018&id=bf55fab4-445a-4b44-adda-350cfa991727\">Al Shorouk reports<\/a>. The NBE had said in October last year that it was planning to inject an additional EGP 5 bn into the program.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Egypt (NBE) is planning to establish three independent mortgage financing units in 6 October City, 10 Ramadan City, and the industrial zone in Minya, as part of the bank\u2019s plan to expand its exposure to the Central Bank\u2019s Mortgage Finance Fund, Vice Chairman Yehia Aboul Fotouh said yesterday, Al Shorouk reports. [&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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626698","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"e2fb9189-266c-4ade-9217-25f6ff4d2188","order":"0","is_powered_by":true,"section_story_id":"88626a37-959b-4c7b-96fd-583fbbc3bac3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626660],"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>NBE to establish three independent mortgage financing units - 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\/2018\/07\/09\/nbe-to-establish-three-independent-mortgage-financing-units\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE to establish three independent mortgage financing units\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt (NBE) is planning to establish three independent mortgage financing units in 6 October City, 10 Ramadan City, and the industrial zone in Minya, as part of the bank\u2019s plan to expand its exposure to the Central Bank\u2019s Mortgage Finance Fund, Vice Chairman Yehia Aboul Fotouh said yesterday, Al Shorouk reports. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/nbe-to-establish-three-independent-mortgage-financing-units\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-09T04:19:51+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\/2018\/07\/09\/nbe-to-establish-three-independent-mortgage-financing-units\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/nbe-to-establish-three-independent-mortgage-financing-units\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBE to establish three independent mortgage financing units\",\"datePublished\":\"2018-07-09T04:19:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/nbe-to-establish-three-independent-mortgage-financing-units\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/nbe-to-establish-three-independent-mortgage-financing-units\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/nbe-to-establish-three-independent-mortgage-financing-units\/\",\"name\":\"NBE to establish three independent mortgage financing units - 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Unnamed bank officials had said last year that management found\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":638816,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/nbe-planning-on-increasing-stake-in-mortgage-finance-fund\/","url_meta":{"origin":626698,"position":1},"title":"NBE planning on increasing stake in Mortgage Finance Fund","author":"enterpriseam admin","date":"15 October 2017","format":false,"excerpt":"National Bank of Egypt (NBE) is planning on increasing their exposure to the CBE\u2019s 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\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":637959,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/","url_meta":{"origin":626698,"position":2},"title":"Banque Misr abandons plans to establish independent mortgage finance arm","author":"enterpriseam admin","date":"29 November 2017","format":false,"excerpt":"Banque Misr appears to have abandoned its plan to establish an independent mortgage financing arm, which Chairman Mohamed El Etreby had announced in May. Management found the decision currently untimely and decided instead to extending mortgage finance facilities, under the central bank\u2019s initiative, through its existing administration, an unnamed bank\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":571726,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/egyptian-mortgage-refinance-company-eyes-egp-500-mn-securitized-bond-issuance-through-cib-nbe\/","url_meta":{"origin":626698,"position":3},"title":"Egyptian Mortgage Refinance Company eyes EGP 500 mn securitized bond issuance through CIB, NBE","author":"enterpriseam admin","date":"21 May 2020","format":false,"excerpt":"DEBT WATCH- Egyptian Mortgage Refinance Company eyes EGP 500 mn securitized bond issuance through CIB, NBE: The Egyptian Mortgage Refinance Company is reportedly planning to tap CIB and the National Bank of Egypt to issue a EGP 500 mn securitized bond issuance on its behalf after the Eid El Fitr\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":582407,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/08\/bedaya-al-oula-close-egp-1-bn-securitized-bond-sales\/","url_meta":{"origin":626698,"position":4},"title":"Bedaya + Al Oula close EGP 1 bn securitized bond sales","author":"enterpriseam admin","date":"8 March 2023","format":false,"excerpt":"Companies have sold EGP 9.6 bn of securitized bonds so far this year.","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Buildings-and-landscapes-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650277,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn\/","url_meta":{"origin":626698,"position":5},"title":"NBE to sell stake in 11 companies for EGP 1.8-2 bn, land for EGP 4 bn","author":"enterpriseam admin","date":"20 March 2017","format":false,"excerpt":"The National Bank of Egypt (NBE) is planning on selling stakes in 11 companies and is targeting receipts of EGP 1.8-2 bn from the transactions, according to the bank\u2019s Head of Investments Ayman Yassin,Al Shorouk says. 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