Top 10 leasing firms in Egypt in H1

Egypt’s Financial Supervisory Authority (EFSA) revealed in a recent report the biggest leasing companies in the country in terms of market share during the first half of 2017.

GB Lease, part of Ghabbour Auto Company, has maintained the first position in June for the third month in a row, registering a market share of 14.5 percent, and a volume of finances amounted to 1.716 billion Egyptian pounds ($96.7 million).

Al Ahly Leasing Company (ALC), the leasing arm of the National Bank of Egypt (NBE), has come in second position, with a 11.5 percent market share and volume of finances amounting to 1.352 billion pounds during the first half of the year, the EFSA report showed.

Technolease for Financial Leasing was in the third place having a market share of 11 percent and a volume of leasing finances worth 1.302 billion pounds.

Corporate Leasing Company – CORPLEASE has ranked fourth with a 10.7 percent market share and volume of leasing finances worth 1.268 million pounds at the end of June.

EFG Hermes Leasing, a wholly-owned unit of EFG Hermes Holding Group, has come in the fifth position recording a 9.4 percent market share and volume of leasing finances worth 1.105 billion pounds.

Reaching the sixth position, Al Tawfeek Leasing Co., has secured an 8.7 percent market share, and volume of leasing finances worth 1.021 million pounds.

International Co. for Leasing (Incolease) has ranked seventh with a 7.5 percent market share and volume of finances worth 881 million pounds.

Nile Financial Leasing Company, part of Al Ahly for Development and Investment (ADI), has captured the eighth position with a market share of 6.7 percent and volume of finances worth 796 million pounds.

QNB AlAhli Leasing Company, part of QNB AlAhli Bank, has come in the ninth position, with a 3.6 percent and volume of finances amounted to 422 million pounds.

Global Leasing Company, co-founded by Wadi Degla Holding and SANAD Fund, came in the tenth position, with a 3.3 percent market share and finances worth 389 million pounds, according to the EFSA report.