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Get the latest on mortgage news from AAIMF.

Central Bank of Egypt to Reduce Interest Rate

The Central Bank Of Egypt has lowered its overnight lending rate by 3 percentage points.

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Tailor-made financial solutions is the new vision of AAIMF

Arab African International Mortgage Finance is committed to building long-term partnerships with their clients by working in close cooperation. This is why aside from standard mortgage finance programs AAIMF strive to provide mortgage programs tailored to meet the specific needs of individual clients. .

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AAIMF to upgrade its technology infrastructure to improve its service quality

AAIMF is working consistently on improving its IT System as part of their obligation toward improving their service quality and enhance the customer experience. According to AAIMF the new updates to their IT system will allow AAIMF to ably an end to end service management, thus establish and ensure comprehensive service quality levels. .

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AAIMF Signs Agreements with Real Estate Developers to Facilitate Property Documents on Clients

AAIMF signed agreements with a number of real estate developers to finance different real estate units in a number of projects, across Egypt. The prior approval of all these units’ legal documents, in addition to a prior appraisal of all units, will allow the customers to obtain financing by providing their income documents only. .

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Decrease in the interest rates is expected to affect positively the mortgage market

The Monetary Policy Committee of the Central Bank of Egypt (CBE) cut the overnight deposit rate, the overnight lending rate, and the rate of the main operation for the third consecutive meeting in row by 1 percent or 100 basis points during Thursday's meeting, Nov. 14, matching analyst expectations. The overnight deposit rate, the overnight lending rate, and the rate of the main operation are cut to be at 12.25 percent, 13.25 percent, and 12.75 percent, respectively. Moreover, credit and discount rates were reduced to 12.75 percent from 13.75 percent. .

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Arab African International Mortgage Finance to launch new products and services in 2020

Arab African International Mortgage Finance Company, one of the subsidiaries of the Arab African International Bank, announced that the company continues to achieve sustainable profits for the third quarter of 2019. .

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