The protocol was signed by Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund, and Dr. Ahmed Galal, CEO and Managing Director of EBank.
Following the signing, Abdel Hamid expressed pride in the
partnership with EBank and highlighted the intention to further develop and
expand this cooperation to serve citizens seeking housing units under the
Fund’s various offerings.
She noted that the protocol aims to provide real estate
financing worth EGP 500 million, offering diverse and accessible funding options
that support the sustainability of social housing programs.
Abdel Hamid emphasized that collaboration between the Fund
and the banking sector directly benefits low- and middle-income citizens by
enabling them to secure housing units with low down payments and affordable
installments.
For his part, Dr. Galal welcomed the strengthened
cooperation, stressing that the protocol reflects the bank’s commitment to
actively supporting national initiatives aimed at providing adequate housing
and promoting social stability.
He added that supporting the social housing sector is a core
component of the bank’s financial inclusion strategy, achieved through
innovative and accessible financing solutions tailored to the needs of low- and
middle-income citizens, in line with the directives of the Central Bank of
Egypt.
Dr. Galal also expressed confidence that the partnership
would expand the number of beneficiaries of real estate financing services,
helping more citizens achieve their aspirations of homeownership.
At the conclusion of the meeting, both parties expressed
satisfaction with the protocol signing and confirmed their commitment to
broadening the scope of the partnership in the coming period, further enhancing
cooperation between the Fund and EBank in providing accessible real estate
financing.