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CBE negotiates with Finance Ministry to ensure the mortgage initiative continuation

Wednesday 27 June 2018 01:41 PM


By Ahmed Al - Desouki
Central Bank Governor Deputy Lubna Hilal revealed that there are negotiations between the Bank and the Ministry of Finance to ensure the continuation of the mortgage finance initiative, especially with the end of the 20 billion pounds allocated to the sector by the CBE.

"The market is still in need of funding even after the end of the first and second tranches of real estate finance, so we are negotiating with the Finance Ministry to ensure that it will continue in the coming period," Hilal said during a speech organized by the Egyptian Mortgage Finance Association.