EGYPTIAN MORTGAGE REFINANCE COMPANY
EMRC is a specialized financial institution that provides funds refinancing to primary mortgage lenders, it will raise funds initially through long-term loans from institutional investors and equity contributions from the founding investors its shareholders, and from bond markets by becoming a well rated and regular issuer in the capital markets. The Egyptian Mortgage Refinance Company was incorporated under Law 148 for the year 2001. EMRC authorized capital amounts to EGP 640,000,000 whereas t... he issued and paid up capital amounts to EGP 369,542,000 divided over 369,542 shares (306,466 common shares and 63,076 preferred shares). EMRC was established in June 2006 to assume the role of a market maker and lay the foundation of an active secondary market with a primary mandate to operate as a second-tier, wholesale, market-based liquidity facility focused on refinancing mortgage loans originated by Primary Mortgage Lenders (PMLs). The Company began actual operations in August 2008.
EGYPTIAN MORTGAGE REFINANCE COMPANY
Social Links:
Industry:
Finance Financial Services FinTech
Founded:
2006-01-01
Address:
Cairo, Al Qahirah, Egypt
Country:
Egypt
Website Url:
http://www.emrc-online.com
Status:
Active
Contact:
202 - 27377401
Email Addresses:
[email protected]
Technology used in webpage:
SSL By Default ASP.NET IIS IIS 10 ASP.NET 4.0 GoDaddy SSL GoDaddy Parallels Plesk Panel ASP.NET Ajax Plesk
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