The Social Housing and Mortgage Finance Fund (SHMFF) revealed that 22 banks participating in the low-income mortgage finance initiative have contributed a total of EGP 79.2bn to the programme. This financing has supported approximately 599,512 clients, representing 96.9% of the initiative’s total beneficiaries. In parallel, eight mortgage companies provided EGP 2.5bn in financing for 19,815 clients, which accounts for the remaining 3.1% of the initiative.
The National Bank of Egypt (NBE) leads the contributors, having provided EGP 19.9bn in financing to 157,572 clients. This represents 24.4% of the total financing distributed through the initiative. Banque Misr follows closely behind with EGP 18.9bn allocated to 144,070 clients, amounting to a 23.1% share. Banque du Caire ranks third with a contribution of EGP 8.3bn for 58,655 clients, holding a 10.2% share.
Other notable contributors include the Housing and Development Bank (HDB), which financed EGP 7.8bn for 75,776 clients, representing 9.6% of the initiative, and QNB Alahli, which allocated EGP 5.5bn to 31,513 clients, accounting for 6.7% of the total. The Commercial International Bank (CIB) contributed EGP 4.7bn to 29,754 clients, amounting to a 5.8% share. United Bank and the Industrial Development Bank (IDB) followed with contributions of EGP 2.1bn to 14,987 clients (2.6%) and EGP 2.0bn to 17,849 clients (2.5%), respectively. Next Bank financed EGP 1.7bn for 9,850 clients, making up 2% of the total. The Arab African International Bank (AAIB) supported 10,908 clients with EGP 1.4bn, representing a 1.7% share.
The report also highlighted the efforts of mortgage companies participating in the initiative. Al-Tameer Mortgage Finance led this segment, granting EGP 991.9m in loans to 7,429 clients. Contact Mortgage Finance ranked second with EGP 838.7m allocated to 6,167 clients. Al Ahly Mortgage Finance secured third place with a portfolio of EGP 285.2m benefiting 2,543 clients.
Additional contributions came from Amlak Mortgage Finance, which provided EGP 253.1m in financing to 2,329 clients, and Tamweel Mortgage Finance, which financed EGP 69.5m for 609 clients. The Egyptian Housing Finance Company (EHFC) supported 429 clients with loans worth EGP 43.0m. Ahli United financed EGP 20.0m for 200 clients, while the Arab African International Company contributed EGP 12.2m to 109 clients.
