Banque Misr provides Finlease an EGP 200 mn medium-term facility

Banque Misr said on Sunday it had provided the Egyptian Company for Leasing Services (Finlease) a medium-term facility worth 200 million Egyptian pounds ($12.7 million).

The new facility is granted to help the leasing company finance its leases and expand its operations. In addition, the loan carries a tenor of 3-7 years.

FINLEASE is a startup in the Egyptian leasing market as of 2019. However, the company has shareholders with decades of experience in the leasing market.

The company provides leasing products and services tailored to meet corporate capital expenditure needs for a wide variety of assets, which includes commercial and administrative real estate, equipment financing, plant and machinery, transportation assets, systems & IT, office equipment and fleet management.