Banque Misr signed a cooperation protocol with the Housing and Development Bank (HDB), with a view to setting up mechanisms for joint cooperation to establish and market major residential, commercial and administrative projects.
Mr. Mohamed El-Etrebi, Banque Misr COB and Executive manager signed the protocol with Mr. Hassan Ghanem, Chairman of the Board of Directors of the Housing and Development Bank.The signing of the protocol comes within the framework of the implementation of the general policy pursued by the state, which aims to expand the establishment of major projects, especially those that lead up to providing housing and job opportunities.
Banque Misr owns many distinguished land plots that are suitable for establishing projects (residential / commercial / administrative / entertainment) and the Housing and Development Bank (HDB) has extensive experience in the field of constructing and marketing distinguished residential, commercial, administrative and entertainment projects everywhere in Egypt, and it has specialized calibers qualified enough to carry out such Projects.
Based on the vital role of Egyptian banks in advancing and driving the economy, the agreement allows granting financing to unit buyers within the framework of the laws and regulations governing the real estate market in Egypt. It must be noted that real estate financing is granted in a way that serves all segments of citizens to achieve public benefit for all parties of the system.
