EGYPTAIR 1st Largest Financial Leasing Company In Egypt In 2012

EGYPTAIR 2011 Limited, Al Tawfeek Leasing Co, Sogelease Egypt, International Company for Leasing (Incolease) and Corporate Leasing Company Egypt (CorpLease) acquired the top five ranks in offering the largest financial leasing services during 2012 after signing 1011 contracts worth EGP 6.2 billion, representing 78.3% of the value of financial leasing contracts in 2012.

EGYPTAIR 2011 Limited ranked the first among financial leasing companies with market share of 27.8% as it signed three contracts worth EGP 2.22 billion in 2012.

Al Tawfeek Leasing Co seized the second position as it signed 135 contracts worth EGP 1.55 billion with market share of 19.44% in 2012.

Sogelease Egypt acquired the third position with 423 contracts worth EGP 1.11 billion, acquiring market share of 13.9%.

International Company for Leasing (Incolease) seized the fourth rank with market share of 8.9% as it signed 215 contracts worth EGP 717.14 million.

Corporate Leasing Company Egypt (CorpLease) ranked the fifth among financial leasing companies in Egypt as it signed 235 contracts worth EGP 666.60 million, acquiring market share of 8.3%.

The Egyptian Financial Supervisory Authority’s (EFSA) reports revealed that the number of financial leasing companies in Egypt reached 212 companies after giving IT Finance Company a license. The report stated that 19 companies are the most active companies in the market.