Banque Misr’s BM Lease tops 16.63% Egypt leasing market share
According to the Egyptian Financial Regulatory Authority (FRA), the January-May leasing contracts in Egypt have totalled 21.427 billion Egyptian pounds ($1.35 billion), around 4.8 percent up from 20.453 billion pounds in the same period last year.
Bayt El Khebra for Leasing (Technolease) ranked second, garnering 13.33 percent of the Egyptian leasing market share, followed by Al Ahli Leasing Company – part of National Bank of Egypt (NBE) – of 11.37 percent, FRA added.
Meanwhile, CORPLEASE, Cairo Leasing Corporation (CLC), and Global Lease had shares of 10.96 percent, 5.32 percent, and 5 percent, respectively.
Coming in the seventh position, GB Lease – part of Ghabbour Auto Company – made up a market share of 4.68 percent.
QNB ALAHLI Leasing Company, part of QNB ALAHLI, ranked eighth, having a 3.81 percent share, followed by Tamweel Financial Leasing of 3.67 percent.