CBE to continue mortgage financing initiative for low-income segment only
The Central Bank of Egypt (CBE) has decided to continue the mortgage finance initiative at subsidised rates for the low-income segment only, after banks had fully disbursed the EGP20bn that were allocated for the initiative, according to CBE Deputy Governor, Gamal Negm. He added that the low-income segment constituted 95% of the disbursed amount.
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