Regulatory Alerts2022-06-05
Added · Updated
Circular dated June 5, 2022 regarding adding financing for the maintenance deposit to the real estate financing initiative for middle-income people, with a return of 8 percent
The Central Bank of Egypt amends the real estate financing initiative for middle-income people with an 8 percent declining rate by adding financing for the maintenance deposit, capped at 10 percent of the unit price, while keeping all other initiative conditions unchanged. This amendment applies to the initiative originally issued on December 19, 2019, and takes effect from the date of the circular.
Topics
monetary
credit
Share