KARACHI: Gross outstanding
housing finance of all banks and development finance institutions (DFIs)
registered a growth for the third consecutive quarter, according to the
latest housing data released by the State Bank of Pakistan (SBP).
It amounted to Rs52.9 billion at the end of September 2014, which is up Rs268.2 million or 0.51% on a quarter-on-quarter basis.
“Housing finance has started picking up after 2008. It is expected that the SBP’s stance of reducing policy rate will further help in enhancing affordability and demand for housing finance in Pakistan,” the SBP wrote in its brief commentary on the housing data.
House Building Finance Company (HBFC), which is the only housing bank operating in Pakistan, is the largest market player in terms of gross outstanding portfolio with a share of 24%.
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It amounted to Rs52.9 billion at the end of September 2014, which is up Rs268.2 million or 0.51% on a quarter-on-quarter basis.
“Housing finance has started picking up after 2008. It is expected that the SBP’s stance of reducing policy rate will further help in enhancing affordability and demand for housing finance in Pakistan,” the SBP wrote in its brief commentary on the housing data.
House Building Finance Company (HBFC), which is the only housing bank operating in Pakistan, is the largest market player in terms of gross outstanding portfolio with a share of 24%.
Read more Click here / www.trade4x.net
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