{"id":634669,"date":"2018-01-21T04:23:56","date_gmt":"2018-01-21T04:23:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/21\/credit-agricole-faisal-allocate-egp-500-mn-and-egp-200-mn-to-cbes-mortgage-finance-initiative\/"},"modified":"2018-01-21T04:23:56","modified_gmt":"2018-01-21T04:23:56","slug":"credit-agricole-faisal-allocate-egp-500-mn-and-egp-200-mn-to-cbes-mortgage-finance-initiative","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/21\/credit-agricole-faisal-allocate-egp-500-mn-and-egp-200-mn-to-cbes-mortgage-finance-initiative\/","title":{"rendered":"Credit Agricole, Faisal allocate EGP 500 mn and EGP 200 mn to CBE\u2019s mortgage finance initiative"},"content":{"rendered":"<p>The central bank\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/19\/first-egp-10-bn-phase-of-cbes-mortgage-finance-fund-handed-out\/\">Mortgage Finance Fund<\/a> 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, <a href=\"https:\/\/alborsanews.com\/2018\/01\/18\/1079390\">Al Borsa reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/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-634669","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"1c4f48d5-2c0b-4989-9d7f-397666e49dfc","order":"0","is_powered_by":true,"section_story_id":"ad136ae3-d543-4272-bd9c-00c85c86e77c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634627],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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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":571336,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/","url_meta":{"origin":634669,"position":1},"title":"MidElec to borrow EUR 30 mn to boost power to Midor refinery","author":"enterpriseam admin","date":"7 May 2020","format":false,"excerpt":"Midor\u2019s electricity company, MidElec, has signed a EUR 30 mn loan agreement with a consortium of four banks to increase the capacity of its power plant which supplies the company\u2019s oil refinery, Al Mal reports, citing informed sources. The company will borrow EUR 12 mn from both the National 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":567075,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/12\/arab-african-bank-grants-egp-200-mn-in-credit-facilities-to-premium-intl\/","url_meta":{"origin":634669,"position":2},"title":"Arab African Bank grants EGP 200 mn in credit facilities to Premium Int\u2019l","author":"enterpriseam admin","date":"12 January 2020","format":false,"excerpt":"The Arab African Bank granted credit facilities worth EGP 200 mn to PremiumInternational for Credit Services to develop the company\u2019s consumer finance portfolio, according to Al Mal. The bank acted as co-underwriter in Premium\u2019s EGP 167 mn securitized bond issuance last October.","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":598891,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/","url_meta":{"origin":634669,"position":3},"title":"Raya Holding subsidiary to increase credit portfolio to c.EGP 500 mn","author":"enterpriseam admin","date":"11 June 2019","format":false,"excerpt":"Raya Holding\u2019s microfinance arm Aman intends to increase its credit portfolio to about EGP 500 mn by the end of 2019, the company said in an EGX disclosure (pdf). The company aims to use the credit increase to finance SMEs, it added, without providing further details.","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":576188,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/nbe-could-provide-egp-200-mn-credit-facility-for-el-marakby-steel-within-weeks\/","url_meta":{"origin":634669,"position":4},"title":"NBE could provide EGP 200 mn credit facility for El Marakby Steel within weeks","author":"enterpriseam admin","date":"12 November 2020","format":false,"excerpt":"The National Bank of Egypt finalizing talks to provide a EGP 200 mn credit facility to ElMarakby Steel, according to Al Mal, citing unnamed sources close to the negotiations. The credit facility would come as a larger EGP 370 mn joint facility with an unnamed private bank to provide 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":558476,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/edita-borrows-egp-150-mn-from-credit-agricole-for-new-production-line\/","url_meta":{"origin":634669,"position":5},"title":"Edita borrows EGP 150 mn from Credit Agricole for new production line","author":"enterpriseam admin","date":"11 August 2021","format":false,"excerpt":"Edita is taking out a seven-year EGP 150 mn facility from Credit Agricole to finance its new baked goods production line, the company said in a statement (pdf) yesterday. 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