2017-08-23

A circular dated June 22, 2017 amending the real estate financing initiative for low- and middle-income people

In a letter dated June 22, 2017, the Central Bank of Egypt's Executive Management decided to modify the maximum income limit for the low-income bracket to improve the initiative's outcomes and accommodate more beneficiaries. The changes include an increase in the maximum monthly income for the low-income bracket from EGP 1,400 to EGP 2,100 and an increase in the maximum monthly income for the middle-income bracket from EGP 8,000 to EGP 10,000 for singles and from EGP 14,000 for families.

Egypt

Central Bank of Egypt

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