2014-09-08

Resolution of the Minister of Housing No. 100 of 2014 and the periodic letter of the Minister of Justice No. 189 dated 2/7/2014 and overcoming obstacles to implementing the initiative

The letter is addressed to the Chairman of the Board of Directors, informing him of the efforts made by the bank to overcome obstacles in implementing a housing finance initiative. It clarifies the meaning of a phrase in the housing ministry's decision and addresses complaints about the lack of awareness of the decision by new city authorities. The Minister of Housing and the Minister of Justice have issued directives to facilitate mortgage procedures. The letter also mentions the low utilization of the initiative by banks, especially for middle-income customers, and requests an update on any additional obstacles faced by banks.

Egypt

Central Bank of Egypt

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