2017-10-09

Circular on Increasing Real Estate Financing Initiative Allocation and Treatment of Martyrs' Families

The Central Bank of Egypt has decided to increase the allocation for the real estate financing initiative for limited and middle-income individuals from EGP 10 billion to EGP 20 billion. Additionally, individuals injured or families of martyrs from the army and police (up to the second degree of kinship) are exempted from the maximum income requirement when applying for social housing units. Banks are instructed to apply this exemption to files received from the Real Estate Financing Fund.

Egypt

Central Bank of Egypt

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