{"id":628206,"date":"2018-06-27T04:15:30","date_gmt":"2018-06-27T04:15:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/"},"modified":"2018-06-27T04:15:30","modified_gmt":"2018-06-27T04:15:30","slug":"cbe-disburses-egp-500-mn-to-mortgage-finance-companies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/","title":{"rendered":"CBE disburses EGP 500 mn to mortgage finance companies"},"content":{"rendered":"<p>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, <a href=\"http:\/\/www.almalnews.com\/Story\/380536\/12\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%89-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%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-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%89-%D8%B9%D9%84%D9%89-%D8%B4%D8%B1%D9%8A%D8%AD%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D9%80500-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87-\">according to Al Mal<\/a>. Five companies are currently enrolled in the CBE\u2019s initiative and talks are ongoing with the Finance Ministry to keep the program going once the available allowance is used up, <a href=\"http:\/\/almalnews.com\/Story\/380531\/12\/%C2%AB%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A%C2%BB-%D9%8A%D9%81%D8%A7%D9%88%D8%B6-%C2%AB%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9%C2%BB-%D9%84%D8%B6%D9%85%D8%A7%D9%86-%D8%A7%D8%B3%D8%AA%D9%85%D8%B1%D8%A7%D8%B1-%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A9-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A\">Helal also said<\/a>. The CBE Mortgage Finance Fund had signed agreements <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/21\/credit-agricole-faisal-allocate-egp-500-mn-and-egp-200-mn-to-cbes-mortgage-finance-initiative\/\">earlier this year<\/a> with Credit Agricole and Faisal Islamic Bank worth EGP 500 mn and EGP 200 mn, respectively, to finance housing purchases for the mid- and low-income segment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 Ministry to keep the program [&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-628206","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"bd1176f1-edbe-4572-9f38-844f1df6641c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"CBE disburses EGP 500 mn to mortgage finance companies","related_issue":[628175],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.4e23e8f5-8e5c-4f26-94c1-08a5d37f7187.mp3"},"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 disburses EGP 500 mn to mortgage finance companies - 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\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE disburses EGP 500 mn to mortgage finance companies\" \/>\n<meta property=\"og:description\" content=\"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 Ministry to keep the program [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-27T04:15:30+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE disburses EGP 500 mn to mortgage finance companies\",\"datePublished\":\"2018-06-27T04:15:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/\"},\"wordCount\":108,\"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\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/cbe-disburses-egp-500-mn-to-mortgage-finance-companies\/\",\"name\":\"CBE disburses EGP 500 mn to mortgage finance companies - 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The CBE recently renewed its mortgage financing program that originally ran from 2014 until January this year,\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":634669,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/21\/credit-agricole-faisal-allocate-egp-500-mn-and-egp-200-mn-to-cbes-mortgage-finance-initiative\/","url_meta":{"origin":628206,"position":1},"title":"Credit Agricole, Faisal allocate EGP 500 mn and EGP 200 mn to CBE\u2019s mortgage finance initiative","author":"enterpriseam admin","date":"21 January 2018","format":false,"excerpt":"The central bank\u2019s 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.","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":628206,"position":2},"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":638638,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/cbe-increases-mortgage-finance-fund-to-egp-20-bn\/","url_meta":{"origin":628206,"position":3},"title":"CBE increases Mortgage Finance Fund to EGP 20 bn","author":"enterpriseam admin","date":"10 October 2017","format":false,"excerpt":"The CBE decided on Monday to allocate an additional EGP 10 bn to its Mortgage Finance Fund, bringing the total up to EGP 20 bn,according to Al Mal. The amount was increased after the program succeeded in giving out EGP 8.5 bn in loans. 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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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=628206"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628206\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628175"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628206"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628206"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}