Banks inject EGP 82.1bn into low-income mortgage initiative until April 2025

The Social Housing and Mortgage Finance Fund (SHMFF) has announced that banks and mortgage finance companies have disbursed a total of EGP 84.64 billion to approximately 630,015 low-income beneficiaries under the government-backed mortgage finance initiative as of the end of April 2025.

According to the Fund’s latest report, 22 participating banks injected around EGP 82.128 billion, benefiting 610,201 clients, which accounts for 97% of total disbursements under the initiative.

The National Bank of Egypt (NBE) topped the list, providing EGP 20.396 billion in financing to 159,522 clients, representing 24.1% of total funding. Banque Misr followed with EGP 19.390bn in loans to 146,347 clients (22.9%), while Banque du Caire came in third with EGP 9.123bn extended to 61,094 clients (10.8%).

Housing and Development Bank ranked fourth, disbursing EGP 7.920 billion to 76,081 clients (9.4%). QNB Alahli followed in fifth place with EGP 5.802 billion granted to 32,665 clients (6.9%).

In sixth place, the Commercial International Bank (CIB) provided EGP 5.006 billion to 30,606 clients, capturing 5.9% of the market share. It was followed by the United Bank with EGP 2.188bn to 15,236 clients (2.6%) and the Industrial Development Bank with EGP 2.028bn to 17,929 clients (2.4%).