Banque Misr’s BM Lease tops 16.63% Egypt leasing market share

Banque Misr’s BM Lease has grabbed 16.63 percent of the Egyptian leasing market share for the first five months of the year, recent data from the country’s watchdog showed on Sunday.

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.

At the bottom of FRA’s top ten list, Al Tawfeek for Financial Lease (AT Lease) and EFG Hermes Leasing, part of EFG Hermes Holding, had 3.42 percent and 3.15 percent shares, respectively.