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Beltone Mortgage Captures 22.25% Market Share, Setting New Benchmarks in Home Financing

Beltone Mortgage Captures 22.25% Market Share, Setting New Benchmarks in Home Financing

Beltone Holding, a leading force in the financial services sector, has announced a significant milestone with its subsidiary, Beltone Mortgage, rapidly capturing a 22.25% market share in the Egyptian mortgage market within the first half of 2024. This achievement marks a remarkable entry into home financing, highlighting the company’s commitment to providing fast and seamless mortgage solutions.

Beltone Mortgage has quickly become highly successful due to its efficient processing and financing approval for ready-to-move and existing units within three working days, making it the fastest mortgage provider in Egypt. This streamlined approach has allowed the company to fund real estate purchases totaling EGP 2.6 billion for 1,050 clients in the first half of the year.

A Strategic Expansion

Beltone Holding’s foray into the mortgage sector is a strategic move to diversify its non-banking financial services and meet the rising demand for real estate finance in Egypt. The company aims to facilitate the acquisition of residential, commercial, and administrative properties, addressing a crucial need in the market.

“Beltone Mortgage introduces an unmatched experience with unique finance solutions,” said Hassan Abdelnabi, CEO of Beltone Mortgage. “Our expertise opens vast opportunities for individuals seeking residential or investment units and supports businesses in securing their administrative property needs. We aim to solidify our leadership in the real estate mortgage sector by strategically investing in our workforce, developing technology, building long-term partnerships, and enhancing operational excellence across the board. We’re also targeting streamlining our processes via our website and mobile application (Download: Apple App Store, Google Play Store) to assist our customers in making optimal investments aligned with their financial goals and cash flow.”

Operational Excellence and Customer Trust

The company’s rapid success can be attributed to its operational excellence and customer-centric approach. By prioritizing speed and efficiency, Beltone Mortgage has gained the trust of its clients, positioning itself as a reliable partner in their real estate investments. The company’s ability to deliver quick approvals has set a new standard in the industry, empowering clients with expedited access to funds.

In the last quarter of 2023, Beltone Mortgage received the Financial Regulatory Authority’s final approval on its mortgage finance license, cementing its position in the market. With registered and issued capital of EGP 1 billion, the company specializes in financing both residential and commercial properties and managing lease-to-own purchases.

A Vision for the Future

Looking ahead, Beltone Mortgage plans to build on its initial success by investing in technology and operational quality. The company is also focused on enhancing its digital platforms, including its website and mobile application, to streamline processes and provide clients with an optimal investment experience.

Beltone Mortgage’s entry into the market is a testament to Beltone Holding’s broader vision of redefining the financial ecosystem in the MENA region through innovative and value-driven solutions.

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