Egypt, Arab Rep. of



Egypt, Arab Rep. of : Statistical Data At-A-Glance
IndicatorDataYearSource
Total population91.51 million2015WDI
Urban population (% of total)43.14% of total2015WDI
GDP, current prices (U.S. dollars)330,765 USD (millions)2015WEO
GDP based on PPP per capita GDP (Current international dollar)11,849.63 USD 2015WEO
Inflation, end of period consumer prices (Percent change)11.39%2015WEO
Average bank deposit rate6.91%2015IFS
Lending rate11.63%2015IFS
Owner-occupied units37% of total2011MFF
Total amount of home mortgage loans outstanding at the end of year in millions of USD:691.34 USD (millions)2013HOFINET Figures
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current).26%2013HOFINET Figures
Total # of home mortgage loans outstanding at the end of year29,631 thousand2011MFF
Typical LTV at origination702007International Journal of Managing Practices in Business
Typical pmt-to-income ratio (HH income)25%2011MFF
Retail funding (deposits/other)primary2013Financial Reports - Housing Development Bank and National Bank of Egypt
Wholesale funding: loans from other banks or corporationssecondary2013Financial Reports - Housing Development Bank and National Bank of Egypt
Other tertiary2011MFF
Typical number of days needed for the transfer of title632015WDI

About the Editor

Mortgage Finance Fund (MFF)
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Established in 2003 by virtue of a presidential decree to expand housing affordability to low and middle income households through three main functions:

  • Channel subsidies to eligible lower-income groups of the society.
  • Provide temporary social safety for borrowers who experience adverse life events, such as a loss of employment that leads to payment defaults. It would finance up to three monthly mortgage payments on behalf of borrowers in times of demonstrated social hardship.
  • Receive land and infrastructure subsidies for the construction of new housing and acting as a developer of houses affordable to the targeted income group for their direct subsidy program, while at the same time assisting in “jump-starting” the mortgage sector.