EFG Hermes Leasing tops most active companies in leasing market

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Arabfinance: EFG Hermes Leasing has topped the ranking of the most active financial leasing companies in August, according to Alborsaanews website.

EFG Hermes Leasing occupied 22.38% of the market share of leasing in Egypt, with total contracts of EGP 847 million.

UE Finance has come next with 9.6% of the market share and total contracts of EGP 363.9 million.

In September, PayTabs Egypt, a joint venture between EFG Hermes (HRHO) and PayTabs, announced that existing and prospective clients will be offered access to set up a payment gateway free of charge for a three-month period

It is worth mentioning that investment banking company and GB Capital, GB Auto's subsidiary, announced the completion of a 75% stake acquisition in Tokio Marine Egypt Family Takaful, in a deal worth EGP 84.75 million.

EFG Hermes has a presence in the United Arab Emirates, Saudi Arabia, Kuwait, Jordan, Oman, and Pakistan. The bank operates under the following segments: holding and treasury, brokerage, asset management, investment banking, private equity, leasing, microfinance, and assets held for sale.

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