2017-10-09

A circular dated October 8, 2017 regarding increasing the amount allocated to the real estate financing initiative and the treatment of the wounded and families of army and police martyrs.

In a letter dated October 8, 2017, the Central Bank of Egypt's Board of Directors announces its decision to increase the allocation for the mortgage finance initiative for low- and middle-income individuals to 20 billion Egyptian pounds. The letter also mentions an exception from the maximum income requirement for injured individuals and the families of martyrs from the army and police applying for housing units in social housing projects. Banks are instructed to apply this exception to files received from the Mortgage Finance Fund.

Egypt

Central Bank of Egypt

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