{"id":574886,"date":"2020-09-24T03:59:09","date_gmt":"2020-09-24T03:59:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/"},"modified":"2020-09-24T03:59:09","modified_gmt":"2020-09-24T03:59:09","slug":"gb-autos-drive-gets-fra-nod-for-consumer-finance-license","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/","title":{"rendered":"GB Auto\u2019s Drive gets FRA nod for consumer finance license"},"content":{"rendered":"

GB Auto\u2019s car finance arm Drive<\/a> has received preliminary approval from the Financial Regulatory Authority for a full consumer financing license, according to an emailed press release (pdf)<\/a>. The license will allow Drive to offer consumer finance services beyond the core car finance business for which it is known. GB Auto also has players in non-banking financial services segments including factoring, microfinance, securitization, fleet leasing and e-payments.<\/p>\n","protected":false},"excerpt":{"rendered":"

GB Auto\u2019s car finance arm Drive has received preliminary approval from the Financial Regulatory Authority for a full consumer financing license, according to an emailed press release (pdf). The license will allow Drive to offer consumer finance services beyond the core car finance business for which it is known. GB Auto also has players in […]<\/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":[9298],"tags":[2372,514,72,593,76,241],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574886","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-consumer-finance","tag-enterpriseam","tag-factoring","tag-financial-regulatory-authority","tag-gb-auto","wpautop","entry"],"acf":{"mongo_id":"e30f8bcd-2190-41a4-a757-2410879f3964","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[574860],"teaser":"","voice_url":""},"yoast_head":"\nGB Auto\u2019s Drive gets FRA nod for consumer finance license - 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\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GB Auto\u2019s Drive gets FRA nod for consumer finance license\" \/>\n<meta property=\"og:description\" content=\"GB Auto\u2019s car finance arm Drive has received preliminary approval from the Financial Regulatory Authority for a full consumer financing license, according to an emailed press release (pdf). The license will allow Drive to offer consumer finance services beyond the core car finance business for which it is known. GB Auto also has players in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-24T03:59:09+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GB Auto\u2019s Drive gets FRA nod for consumer finance license\",\"datePublished\":\"2020-09-24T03:59:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/\"},\"wordCount\":79,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"consumer finance\",\"EnterpriseAM\",\"factoring\",\"Financial Regulatory Authority\",\"GB Auto\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/\",\"name\":\"GB Auto\u2019s Drive gets FRA nod for consumer finance license - 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Drive completed a EGP 425 mn issuance last week, marking the first such offering by a factoring company in Egypt.","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":566735,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/gb-auto-gets-fra-nod-to-expand-consumer-finance-activities\/","url_meta":{"origin":574886,"position":1},"title":"GB Auto gets FRA nod to expand consumer finance activities","author":"enterpriseam admin","date":"11 July 2021","format":false,"excerpt":"GB Auto has landed final regulatory approval to launch new consumer finance activities for factoring arm Drive, according to a company statement (pdf). 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