By: Eslam Fadl
Cairo – Mubasher: Egyptian Arab Land Bank’s (EALB) is planning to offer EGP 500 million credit facilities to developers, deputy chairman Amr Gad Allah told Mubasher.
The top official added that the bank had granted six developers EGP 1 billion loans during the first six months of the year.
The bank’s mortgage portfolio reached EGP 2 billion at the end of June, Amr revealed, noting that it was planned to hit EGP 2.5 billion by the end of the year.
Translated by: Muhammad Abdul-Wakeel
