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CBE Launches Initiative for E-Collection of Mortgage Installments
Source: 11/25/2019

The Central Bank of Egypt (CBE), in cooperation with the Social Housing Fund, launched an initiative to collect the installments of mortgage and home loans electronically with the partnership of mortgage lenders.

A statement issued by CBE said the initiative came within the framework of efforts by the national council for payments to develop the collection and payment systems in partnership with state institutions.

The statement added the new service would help the clients pay the installments of their home loans easily and without additional charges through the use of mobile phone payment applications.

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