EFG Hermes, an impact-driven universal bank in Egypt and the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today its results for the third quarter of 2022. Group revenues surged 95% Y-o-Y to EGP 2.3 billion in 3Q22, driven by strong results booked by the Investment Bank and Non-Bank Financial Institution (NBFI) platform as well as the consolidation of aiBANK revenues during the period.
Tanmeyah for Microfinance Services, a subsidiary of EFG Hermes Holding and one of Egypt’s leading providers of microfinance solutions, and PayTabs Egypt, a subsidiary of EFG Hermes Holding and MEASA’s award-winning payment powerhouse, announced today that the companies have forged a strategic alliance to digitize Tanmeyah ‘s payment collection through PayTabs Egypt’s secure payment gateway.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that it successfully closed Egypt’s first issuance of a future flow securitized bond for CIRA Education, the largest integrated provider of educational services in the Egyptian private sector. The transaction, worth EGP 800 million, is the first issuance of an approved EGP 2.0 billion bond program.
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, has partnered with Makadi Heights, one of Orascom Development fully-integrated towns in the Red Sea, to avail convenient financing solutions for home maintenance, renovation fees, and furnishing. Homeowners at Makadi Heights will be able to comfortably cover the costs associated with the maintenance and renovation of their homes through valU’s flexible and accessible payment plans.
aiBANK, a leading commercial bank specializing in providing a variety of banking services to individuals and businesses, as well as the financing of significant development projects, announced today the launch of a campaign titled “Financing That Moves You 100 Strides Forward” to raise awareness for its latest financing product.
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, and aiBANK, a fast-growing commercial bank in Egypt with a strong corporate banking arm and various branches spread out across the country, announced today that they have forged a one-of-a-kind partnership with Egypt’s home-grown used-cars retailer, Sylndr, unlocking more affordable payment options for those looking to buy high-quality used cars through a process that is transparent, convenient, and reliable.
EFG Hermes Holding, an impact-driven universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Bank has become the first financial institution in Egypt to be granted ISO 31000:2018 Enterprise Risk Management (ERM) conformity by the British Standards Institution (BSI), the world’s first national standards body and the leading global standards maker.
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today its acquisition of a minority stake in local fintech start-up, Kiwe, the first youth social payment app that facilitates onboarding the unbanked segment in Egypt. Currently, EFG Hermes Finance, EFG EV Fintech, dFin Holding, and Marakez are among the firm’s existing shareholders.
EFG Hermes Corp-Solutions, a wholly-owned subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, and Klickit, a payment management and digital collection platform for education fees, entered into an agreement to provide education service providers with a holistic set of financial solutions to drive the sector’s growth and development.
The highly anticipated IPO of one of Dubai’s most attractive infrastructure plays is set to raise over AED 3.7 billion (USD 1.0 billion), marking yet another flagship issuance on the ever-growing Dubai Financial Market (DFM) and a highly successful monetization event by the Government of Dubai
We use cookies to collect information about how you use our website. And we use the information derived from such cookies to ensure the functionality of our website and to enhance our services.
