Media Center

Al Ahly Mortgage Finance (AMF), a subsidiary of National Bank of Egypt (NBE), has achieved a new milestone by winning the “Most Innovative Mortgage Company in Egypt 2024” award from International Business Magazine, one of the leading institutions specializing in market and financial analysis. This award reflects the company’s strong market position, leadership in Egypt’s mortgage finance sector, and its commitment to delivering the best customer experience.

Hatem Amer, Managing Director of Al Ahly Mortgage Finance, stated that during 2024, the company successfully issued new mortgage financing exceeding EGP 2 billion. This was achieved through a diverse range of programs designed to finance various types of properties, including residential, administrative, and commercial units across Egypt.

These programs were specifically tailored to meet the evolving needs of mortgage finance customers in the Egyptian market.

These specialized programs have also contributed to attracting new customer segments, including Egyptians working abroad, residents in Egypt with foreign income sources, as well as regional and multinational companies seeking to acquire administrative properties. This was driven by in-depth market studies and a strong understanding of real estate market trends, including demand from expatriates and foreign investors interested in the Egyptian property market.

Hatem Amer added that the company has achieved these strong results despite the significant challenges facing the Egyptian market, including ongoing exchange rate fluctuations, rising inflation rates, and increasing property prices across different segments. These achievements reflect the success of AMF’s strategy in delivering innovative and effective solutions to overcome such challenges, supported by the National Bank of Egypt as the largest bank in the country.

He further emphasized that Al Ahly Mortgage Finance aims, through its ambitious strategy, to achieve strong growth in its total financing portfolio, targeting EGP 4 billion by the end of 2024. This comes as part of its continued success journey, with a focus on attracting more clients through its diverse programs that meet the expectations of the Egyptian real estate market in 2025.