Cairo – Mubasher: Egyptian Arab Land Bank (EALB) has allocated EGP 570 million loans for the central bank’s real estate financing initiative for low and middle-income brackets , said the Chairman Abed Al-Majeed Muhyi Eldein on Monday.
The bank considers giving a number of loans to the real estate and industrial sectors over the present period, Muhyi Eldein added, revealing no further details over the loans’ specifications or total values.
The Central Bank of Egypt (CBE) launched the initiative between February 2014 and September 2016
