LogoRegulatory Alerts
2022-12-20 | CBE10.3

Added · Updated

CBE Regulation Book 10.3 - Real Estate Finance Initiatives

The Central Bank of Egypt establishes specific financing initiatives for low- and middle-income segments, mandating interest rate caps of 5% and 7% for these categories with a maximum loan duration of 20 years. The regulations define eligibility criteria, including maximum unit prices and installment limits, and require banks to implement standardized mortgage products and electronic management systems. Additional provisions authorize the use of the Social Housing Fund for specific projects, allow for mortgage insurance in case of borrower death, and set fair market value assessment timelines for collateral.

Central Bank of Egypt logo

Egypt

Central Bank of Egypt

Click to view thumbnail

Chapter Three: Real Estate Finance Initiatives

First: Initiative to Activate the Real Estate Finance Sector for Low- and Middle-Income Segments (1)

Given the main role of real estate finance in activating the economy and achieving social justice, the Central Bank of Egypt has decided to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments through appropriate products, as follows:

SegmentLimitsDetails
Low IncomeInterest RateCentral Bank Lending Rate
5%
Middle IncomeInterest RateCentral Bank Lending Rate
7%
SpreadBank Spread
4%
Final Interest Rate to Client
5%
7%
8%
Installment LimitLow Income10% of monthly income
Middle Income14% of monthly income
Maximum Unit PriceLow Income2,100 EGP
Middle Income3,500 EGP
Maximum InstallmentLow Income950 EGP
Middle Income700 EGP
Maximum Loan AmountLow Income150,000 EGP
Middle Income475,000 EGP

(1) The Central Bank of Egypt Governor's letter dated February 19, 2014. (2) The Central Bank of Egypt Governor's letter dated February 24, 2016. (3) The Central Bank of Egypt Deputy Governor's letter dated June 22, 2017. (4) The Central Bank of Egypt Deputy Governor's letter dated October 8, 2017. (5) The Central Bank of Egypt Governor's letter dated May 12, 2014. (6) The Central Bank of Egypt Governor's letter dated March 6, 2014.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically publish the interest rates for the facilities.
  4. The Central Bank of Egypt shall coordinate with the Ministry of Housing, Utilities, and Urban Communities to implement the facilities and incentives for the low- and middle-income segments.
  5. The Central Bank of Egypt shall monitor the implementation of the facilities and incentives by banks and financial institutions.
  6. The Board of Directors of the Central Bank of Egypt shall have the right to amend the provisions of this decision.

The facilities and incentives for the low- and middle-income segments are as follows:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments.
  2. The Central Bank of Egypt shall provide a maximum loan duration of 20 years for loans to the low- and middle-income segments.
  3. The Central Bank of Egypt shall provide a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  4. The Central Bank of Egypt shall provide a maximum installment of 10% of monthly income for low income and 14% of monthly income for middle income.
  5. The Central Bank of Egypt shall provide a maximum loan amount of 150,000 EGP for low income and 475,000 EGP for middle income.
  6. The Central Bank of Egypt shall provide a maximum interest rate of 5% for low income and 7% for middle income.
  7. The Central Bank of Egypt shall provide a maximum spread of 4% for both low and middle income segments.

On February 18, 2014, the Board of Directors of the Central Bank of Egypt issued a decision to activate the real estate finance sector by providing facilities and incentives to banks and financial institutions to serve the low- and middle-income segments, through the following new specific facilities and incentives:

  1. The Central Bank of Egypt shall provide a lending rate of 9% for loans to the low- and middle-income segments, with a maximum duration of 20 years, and a maximum unit price of 2,100 EGP for low income and 3,500 EGP for middle income.
  2. The Board of Directors of the Central Bank of Egypt shall have the right to review the interest rates for the new facilities in light of market developments and the Central Bank's lending rate.
  3. The Central Bank of Egypt shall periodically

[RegAlert note: the English text above is a translation of the first 24,000 characters of a 128,417-character original (19% of the document). The remainder was not translated. The complete original-language text is stored with this document.]

More like this from CBE

CBE published 2 documents in the last 30 days. We email you each new one the day it's published.

Topics
credit
disclosure
monetary
Share