Egyptian American Bank launches private mortgage company - 2004-01-28
Chairman of the Egyptian American Bank (EAB) Mahmoud Abdel Latif has unveiled the creation of Egypt's first private sector mortgage company. The authorized capital of company will be of 100 million Egyptian pounds ($16 million).

The new entity jointly owned by EAB, International Financial Corporation (IFC), Deutsche Investitions – und Entwicklungsgesellschaft, HDFC Investments and the Bank of Alexandria (BOA).
Read the full story at Mena Report

Scottish Widows Bank launches online mortgage service - 2004-01-28
Scottish Widows Bank has launched an interactive mortgage application service that allows IFAs and brokers to send agreements in principle and track cases online.

The service will enable IFAs to submit agreements in principle electronically with no need for a client signature. The bank says users of this service will receive a decision from its credit team within one hour.
Read the full story at Finextra Research