Technolease tops Egypt leasing market share in 9 months

Technolease for Financial Leasing has grabbed 23.5 percent of the Egyptian leasing market share during the first 9 months of 2019.

Corporate Leasing Company – CORPLEASE has come in second position, having a 17.27  percent share.

GB Lease, part of Ghabbour Auto Company, was in third place, capturing a market share of 5.6 percent followed by Global Lease – a firm co-founded by Wadi Degla Holding and SANAD Fund – of 4.8 percent.

In the fifth plac, QNB AlAhli Leasing Company, part of QNB AlAhli Bank, had a market share of 4.4 percent.

Al Ahly Leasing Company – part of the National Bank of Egypt (NBE) – was in the sixth position with a market share of 3.79 percent followed by Arab African International Leasing Company (AAIL) – the leasing arm of the Arab African International Bank (AAIB) – of 3.49 percent.

Leasing companies have signed contracts 40.5 billion pounds in the January to September period, compared to 27.8 billion pounds during the same period a year earlier.