{"id":637959,"date":"2017-11-29T04:04:11","date_gmt":"2017-11-29T04:04:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/"},"modified":"2017-11-29T04:04:11","modified_gmt":"2017-11-29T04:04:11","slug":"banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/","title":{"rendered":"Banque Misr abandons plans to establish independent mortgage finance arm"},"content":{"rendered":"

Banque Misr appears to have abandoned its plan to establish an independent mortgage financing arm, which Chairman Mohamed El Etreby had announced in May<\/a>. Management found the decision currently untimely and decided instead to extending mortgage finance facilities, under the central bank\u2019s initiative<\/a>, through its existing administration, an unnamed bank official tells Al Mal<\/a>. The central bank had recently decided<\/a> to allocate an additional EGP 10 bn to its Mortgage Finance Fund, bringing its total value up to EGP 20 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 official tells Al Mal. The […]<\/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-637959","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"f2be1fab-4c97-4900-8107-13c93a5d0c96","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637922],"teaser":"","voice_url":""},"yoast_head":"\nBanque Misr abandons plans to establish independent mortgage finance arm - 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\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr abandons plans to establish independent mortgage finance arm\" \/>\n<meta property=\"og:description\" content=\"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 official tells Al Mal. The […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-29T04:04:11+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\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banque Misr abandons plans to establish independent mortgage finance arm\",\"datePublished\":\"2017-11-29T04:04:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/\"},\"wordCount\":90,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/\",\"name\":\"Banque Misr abandons plans to establish independent mortgage finance arm - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-11-29T04:04:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banque Misr abandons plans to establish independent mortgage finance arm\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Banque Misr abandons plans to establish independent mortgage finance arm - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/","og_locale":"en_US","og_type":"article","og_title":"Banque Misr abandons plans to establish independent mortgage finance arm","og_description":"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 official tells Al Mal. The […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-11-29T04:04:11+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Banque Misr abandons plans to establish independent mortgage finance arm","datePublished":"2017-11-29T04:04:11+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/"},"wordCount":90,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["BANKING + FINANCE","EnterpriseAM"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/","name":"Banque Misr abandons plans to establish independent mortgage finance arm - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-11-29T04:04:11+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/banque-misr-abandons-plans-to-establish-independent-mortgage-finance-arm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Banque Misr abandons plans to establish independent mortgage finance arm"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":628389,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/banque-misr-remains-undecided-on-whether-to-establish-an-independent-mortgage-financing-arm\/","url_meta":{"origin":637959,"position":0},"title":"Banque Misr remains undecided on whether to establish an independent mortgage financing arm","author":"enterpriseam admin","date":"2 May 2018","format":false,"excerpt":"Banque Misr has yet to decide whether it will establish an independent mortgage financing arm, and is looking into the possibility of adding mortgage financing services to the already-established BM Lease, Chairman Mohamed El Etreby told Al Mal on Monday. Unnamed bank officials had said last year that management found\u2026","rel":"","context":"In "Banking + Finance"","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":591347,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/03\/five-banks-launch-electronic-payment-of-mortgage-installments\/","url_meta":{"origin":637959,"position":1},"title":"Five banks launch electronic payment of mortgage installments","author":"enterpriseam admin","date":"3 December 2019","format":false,"excerpt":"Five banks began on Sunday collecting mortgage payments electronically under the Central Bank of Egypt (CBE) and Mortgage Finance Fund\u2019s initiative, according to the local press. The National Bank of Egypt, Banque Misr, Banque du Caire, CIB, and the Housing and Development Bank now allow borrowers with subsidized home loans\u2026","rel":"","context":"In "Banking + Finance"","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":647606,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/banque-misr-to-establish-mortgage-financing-arm\/","url_meta":{"origin":637959,"position":2},"title":"Banque Misr to establish mortgage financing arm","author":"enterpriseam admin","date":"15 May 2017","format":false,"excerpt":"With the CBE promoting mortgages for low- and middle-income earners, Banque Misr plans on establishing a mortgage financing arm, bank Chairman Mohamed El Etreby tells Al Borsa.","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626698,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/nbe-to-establish-three-independent-mortgage-financing-units\/","url_meta":{"origin":637959,"position":3},"title":"NBE to establish three independent mortgage financing units","author":"enterpriseam admin","date":"9 July 2018","format":false,"excerpt":"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\u2026","rel":"","context":"In "Banking + Finance"","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":566462,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/21\/efg-tmg-gb-capital-mortgage-arm-bedaya-plans-securitization-before-2021-is-out\/","url_meta":{"origin":637959,"position":4},"title":"EFG, TMG, GB Capital mortgage arm Bedaya plans securitization before 2021 is out","author":"enterpriseam admin","date":"21 June 2021","format":false,"excerpt":"Mortgage provider Bedaya is planning to sell securitized bonds backed by its receivables before the end of the year, EFG Hermes Finance CEO Waleed Hassouna, whose company is a partner in Bedaya, told Al Mal. The sale would come as Bedaya is looking to set up more branches across the\u2026","rel":"","context":"In "SPEED ROUND: DEBT WATCH"","block_context":{"text":"SPEED ROUND: DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645724,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/27\/banque-misr-sarwa-capital-arrange-egp-174-mn-in-securitized-bonds\/","url_meta":{"origin":637959,"position":5},"title":"Banque Misr, Sarwa Capital arrange EGP 174 mn in securitized bonds","author":"enterpriseam admin","date":"27 July 2017","format":false,"excerpt":"Banque Misr arranged a three-tranche securitized bond issuance worth EGP 174 mn, underwritten by Sarwa Capital, Al Mal reports. Sarwa Capital also served as financial advisor on the transaction. The issuance is backed by securitised mortgage contracts worth EGP 281 mn. We had noted Sarwa Capital was seeking regulatory approval\u2026","rel":"","context":"In "Banking + Finance"","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\/637959","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=637959"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637959\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637922"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637959"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637959"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}