Technolease topped leasing activity in Egypt with 24.5 % market share

The Egyptian Financial Supervisory Authority (EFSA) revealed in a recent report the biggest leasing companies in the country in terms of market share between January and August 2019.

Technolease for Financial Leasing has maintained the first position in the first 8 months of 2019 With a market share of 24.5 percent.

Corporate Leasing Company – CORPLEASE has come in second position, with a 17.3  percent market share.

GB Lease, part of Ghabbour Auto Company was in third place with  market share of 5.6 percent then came Global Leasing Company, co-founded by Wadi Degla Holding and SANAD Fund, with market share of 5.1 percent.

In fifth place came QNB AlAhli Leasing Company, part of QNB AlAhli Bank with market share of 4.2 percent.

Al Ahly Leasing Company was in the sixth posittion with a market share of 4.1 percent then Arab African International Leasing Company (AAIL) is the leasing arm of the Arab African International Bank with market share of 3.8 percent.

International Co. for Leasing (Incolease) has ranked  ninth with a 3.5 percent market share then Cairo Leasing with a market share of 3.4 percent.

In the tenth place was EFG Hermes Leasing with a market share of 3.3 percent.

leasing companies have signed contracts 7.9 billion pounds during the period from January to August 2019, compared to 24.6 billion pounds during the same period a year earlier.