First Abu Dhabi Bank Misr (FABMISR), one of Egypt's largest banks, has implemented mortgage financing, the latest initiative introduced by the Central Bank of Egypt.
This initiative aims to promote real estate ownership among middle-income groups. FABMISR currently offers home loan financing with annual interest rates of up to 8% to meet the needs of specific customer segments while increasing the demand for real estate financing services.
Through this initiative, FABMISR aims to cater to the diverse customer landscape of the Egyptian market and introduce real estate financing within a year. With the rapid development of real estate finance, the Bank aims to provide unique value-added services.
Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, said: This resonates with our global strategy, which focuses on expanding our market reach by catering to different customer segments. ”
It is worth noting that FABMISR is committed to providing a superior customer experience by providing additional advisory services. In addition, the Bank ensures the simplification of procedures and documentation for its customers, contributing to economic growth and increased activity in the real estate market.
