{"id":562093,"date":"2021-05-06T04:07:34","date_gmt":"2021-05-06T04:07:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/efgs-leasing-and-factoring-ambitions\/"},"modified":"2021-05-06T04:07:34","modified_gmt":"2021-05-06T04:07:34","slug":"efgs-leasing-and-factoring-ambitions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/efgs-leasing-and-factoring-ambitions\/","title":{"rendered":"EFG\u2019s leasing and factoring ambitions"},"content":{"rendered":"

<\/a> EFG Hermes Corp-Solutions plans to grow its leasing and factoring portfolio by EGP 3 bn <\/strong>in 2021<\/strong>, CEO Talal Elayat told Al Mal, according to a report in the newspaper\u2019s print edition this morning. The company signed leasing and factoring agreements worth EGP 1 bn in 1Q2021, bringing its total portfolio to EGP 6.1 bn as of March, Elayat said.<\/p>\n

The firm plans to <\/strong>get in on margin lending<\/a><\/strong> and has been contacting its network of brokerages to get a leg up in the industry as soon as the Financial Regulatory Authority issues further regulations expounding on how NBFS players will be allowed to finance margin trades.<\/a><\/p>\n

What is factoring, you say?<\/strong> Check out our handy explainer<\/a>.<\/p>\n

Want more? <\/strong>We sat down with Elayat<\/a> in February to discuss debt market conditions, the state of the NBFS sector, and EFG Hermes Corp-Solutions\u2019 plans for the future.<\/p>\n","protected":false},"excerpt":{"rendered":"

EFG Hermes Corp-Solutions plans to grow its leasing and factoring portfolio by EGP 3 bn in 2021, CEO Talal Elayat told Al Mal, according to a report in the newspaper\u2019s print edition this morning. The company signed leasing and factoring agreements worth EGP 1 bn in 1Q2021, bringing its total portfolio to EGP 6.1 bn […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[88,84,72,593,242],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562093","post","type-post","status-publish","format-standard","hentry","category-debt-watch","tag-debt-watch","tag-efg-hermes","tag-enterpriseam","tag-factoring","tag-leasing","wpautop","entry"],"acf":{"mongo_id":"f12a9af0-2f6c-4e72-bec7-fb0c7eec6e8e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562086],"teaser":"","voice_url":""},"yoast_head":"\nEFG\u2019s leasing and factoring ambitions - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/efgs-leasing-and-factoring-ambitions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG\u2019s leasing and factoring ambitions\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes Corp-Solutions plans to grow its leasing and factoring portfolio by EGP 3 bn in 2021, CEO Talal Elayat told Al Mal, according to a report in the newspaper\u2019s print edition this morning. 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The funding will be directed at supporting the company\u2019s leasing and factoring activities. Corp-Solutions lent around EGP 8 bn last year, swelling the company\u2019s current portfolio to around\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564685,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/the-debt-market-has-been-good-to-efg-hermes-corp-solutions\/","url_meta":{"origin":562093,"position":1},"title":"The debt market has been good to EFG Hermes Corp Solutions","author":"enterpriseam admin","date":"21 February 2021","format":false,"excerpt":"Talal Elayat, CEO of EFG Hermes Corp-Solutions, on the firm's plans for the debt market: The non-banking financial services (NBFS) sector has done well despite pressure from the covid-19 pandemic, including the near shutdown of the market in the early days of corona and a holiday on repayments ordered by\u2026","rel":"","context":"In "Spotlight"","block_context":{"text":"Spotlight","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/spotlight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/484.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569259,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/18\/efg-is-looking-to-consolidate-its-leasing-and-factoring-arms\/","url_meta":{"origin":562093,"position":2},"title":"EFG is looking to consolidate its leasing and factoring arms","author":"enterpriseam admin","date":"18 February 2020","format":false,"excerpt":"EFG Hermes is looking to consolidate its leasing and factoring arms into one entity, EFG Hermes Leasing CEO Ahmed El Kholy tells the local press. The company\u2019s current financial leasing portfolio is worth some EGP 3.5 bn, 16% of which is focused on SMEs.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544574,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/","url_meta":{"origin":562093,"position":3},"title":"EFG Hermes signs EGP 600 mn sale and leaseback agreement with LMD","author":"enterpriseam admin","date":"10 March 2022","format":false,"excerpt":"EFG Hermes Corp-Solutions has signed a EGP 600 mn sale and leaseback agreement with real estate developer LMD to finance its multi-purpose 3\u2019Sixty project in New Cairo, it announced in a press release (pdf) yesterday. 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EFG Hermes Corp-Solutions\u2019 market share stood at 21.8% in June after loaning out EGP 2.2\u2026","rel":"","context":"In "NON-BANK LENDING"","block_context":{"text":"NON-BANK LENDING","link":"https:\/\/enterpriseam.com\/egypt\/category\/non-bank-lending\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/223.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556012,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/06\/efg-hermes-signs-egp-750-mn-sale-and-leaseback-agreement-with-misr-italia\/","url_meta":{"origin":562093,"position":5},"title":"EFG Hermes signs EGP 750 mn sale and leaseback agreement with Misr Italia","author":"enterpriseam admin","date":"6 October 2021","format":false,"excerpt":"EFG Hermes\u2019 leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with Misr Italia Properties to refinance its Garden 8 Mall in New Cairo, EFG Hermes Corp-Solutions announced in a statement (pdf).Misr Italia will direct the funds to other projects: The money raised through the\u2026","rel":"","context":"In "NON-BANK FINANCE"","block_context":{"text":"NON-BANK FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/non-bank-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/84.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=562093"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562093\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562086"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562093"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562093"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}