Rock Developments Signs Cooperation Protocol with Crédit Agricole Egypt to Offer Flexible Mortgage Financing
Rock Developments has signed a cooperation protocol with Crédit Agricole Egypt to offer free mortgage financing with a 20% down payment and financing of up to 80% of the unit’s value, for a repayment period of up to 15 years. This initiative is part of the company’s plan to provide exceptional facilities to its customers.
The protocol was signed by Engineer Daniel Doss, Board Member of Rock Developments, and Ms. Nevine Shoukry, Head of Retail Banking, SME, and High Net Worth Clients at Crédit Agricole Egypt, along with senior executives from both the company and the bank. The aim is to provide the most suitable mortgage financing solutions to meet customers’ needs, in line with the environmental and social dimensions of the strategic directions of both parties.
Engineer Daniel Doss explained that “the protocol contributes to offering distinctive facilities to our clients through the free mortgage program for residential units with a 20% down payment and up to 80% financing over a period of up to 15 years, as well as for commercial and administrative units with a 25% down payment and up to 75% financing for up to 15 years.”
He emphasized that Rock Developments has innovative, advanced ideas and diverse operational mechanisms aimed at serving its clients and delivering projects that match their aspirations, while providing benefits that support the client’s purchasing decision. He added that the partnership with Crédit Agricole Egypt is “a step forward in our journey toward innovation and responsible growth.”
For her part, Ms. Nevine Shoukry, Head of Retail Banking, SME, and High Net Worth Clients at Crédit Agricole Egypt, said: “We are pleased to announce our partnership with Rock Developments to offer long-term mortgage financing solutions, enabling more Egyptians to own their homes. This partnership reflects Crédit Agricole Egypt’s approach, which places customer satisfaction at the forefront by providing innovative, sustainable, and accessible financial solutions to meet our clients’ diverse needs. Through this collaboration, we support the growth of Egypt’s real estate sector and contribute to building a more inclusive and sustainable future.”
Rock Developments and Crédit Agricole Egypt aim to boost real estate investment, increasing opportunities for safe financing and investment to encourage growth in Egypt’s dynamic property market. The financing will be directed toward projects that meet global standards, providing innovative solutions to preserve the environment for future generations.
Rock Developments is the real estate arm of El Batal Group for Investment, encompassing all the company’s residential and commercial projects in Egypt and Canada under the “Rock” brand across East and West Cairo. These include Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October City, Rock Capital 1 in the New Administrative Capital, Rock Vera in New Cairo, Rock Gold Mall in New Cairo, and Rock Ville in Obour.
Source: Property Plus