Amlak Finance is outstripping Egypt’s mortgage financiers in the 2nd half of 2020

Amlak Finance topped mortgage financiers working in the Egyptian market during the second half of this year, according to regulators. 

The company extended up to EGP410mln funding, or 16.5% of market share of mortgage financiers,  by late September of this year,  up from EGP291mln in 2019, scoring a growth rate of 152%, despite coronavirus-induced headwinds, as governmental organizations re-opened their doors in June of this year. 

Chief Executive of Amlak Finance Aymen Abd El-Hamid said:“ The company continues to provide diversified mortgage financing programs catering to needs of all segments of society, because it seeks to provide services as satisfactory as possible to its clients.To reach this goal, the company puts money into upgrading and developing skills and expertise of Amlak Finance’s personnel.”

Amlak Finance has up to 3000 clients, as it announced that it has a particular interest in low or middle-income clients, a segment designated by the state as of particular national importance,  with them constituting 80% of the company’s customer base.