EFG Hermes nine-month leasing activity hit $112.6 million

EFG Hermes Leasing, a wholly-owned subsidiary of investment bank EFG Hermes, has registered a portfolio of leasing activity worth more than one billion Egyptian pounds ($112.6 million) since inception in June 2015.

By the end of the financial year 2015, EFG-Hermes Leasing captured a 5 percent share of the Egyptian leasing market, its chief executive Ahmed El-Kholy said in a press conference Sunday.

EFG Hermes Leasing is a subsidiary of the leading investment bank in the Arab world, specialised in providing leasing services to large corporates and SMEs across Egypt.