Al-Ahly Mortgage Finance Targets EGP 4 Billion Portfolio by End of 2024

December 28, 2024 - 21:43

Hatem Amer, Managing Director of Al-Ahly Mortgage Finance, a subsidiary of the National Bank of Egypt (NBE), announced that the company aims to achieve exceptional growth in its financing portfolio, targeting an expansion to EGP 4 billion by the end of 2024. This ambitious goal reflects the company's commitment to enhancing its services and meeting the growing demand for mortgage financing in the Egyptian market.

Amer highlighted that the company is focusing on strategic initiatives to attract more clients and improve customer satisfaction. By leveraging advanced technology and innovative financial solutions, Al-Ahly Mortgage Finance intends to streamline the mortgage application process and offer competitive rates.

The Egyptian mortgage market is witnessing significant growth, driven by increased demand for residential properties and government initiatives to promote home ownership. Al-Ahly Mortgage Finance's proactive approach positions it well to capitalize on these trends and solidify its presence in the sector. The company is optimistic about its future prospects as it works towards achieving its ambitious portfolio target.