Top 3 players in mortgage finance market in Egypt
The Financial Regulatory Authority announced the top 3 companies with market share of the mortgage finance market. These companies offer different options of finance to people who want to own real estate units, whether residential, commercial or administrative.
Al-Ahly Mortgage Finance held the top spot. It has acquired more than 34% of mortgage finance market in Egypt in the first 2 months of 2021; with funds exceeding EGP 220 million.
Al-Ahly Mortgage is a subsidiary of the National Bank of Egypt (Al-Bank Al-Ahly Al-Masry) with a capital of EGP 250 million.
In second place came Tamweel Group with 15.1% of the market. The group has given funding of more than EGP 130 million.
In third place was Taamir mortgage with about 12.1% market share and funding of more than EGP 106 million.