EFG-Hermes’ newly-founded leasing unit seizes 4% of market share in Egypt

By Yomna Yasser On Nov 11, 2015

EFG-Hermes, one of the Arab world’s leading investment banks, said its leasing arm is capturing 4 percent share of the Egyptian leasing market, just after five months since it has been launched.

Founded in mid June this year, EFG-Hermes Leasing has registered third quarter contracts totalling around 153 million Egyptian pounds (US$19.5 million).

Wael Zeyada – Executive Chairman of EFG-Hermes Leasing – said his company is looking forward to increasing its market share in Egypt in line with studying and assessing opportunities to expand into non-banking financial services sector.

Leasing services offered in EFG-Hermes Leasing include various sectors, such as technology systems, vehicles, medical equipment, and machinery.