{"id":624712,"date":"2018-09-17T04:11:37","date_gmt":"2018-09-17T04:11:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/efg-eyes-entry-into-new-em-markets-growth-in-non-banking-financial-industry-and-investment-in-education-and-energy\/"},"modified":"2018-09-17T04:11:37","modified_gmt":"2018-09-17T04:11:37","slug":"efg-eyes-entry-into-new-em-markets-growth-in-non-banking-financial-industry-and-investment-in-education-and-energy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/efg-eyes-entry-into-new-em-markets-growth-in-non-banking-financial-industry-and-investment-in-education-and-energy\/","title":{"rendered":"EFG eyes entry into new EM markets, growth in non-banking financial industry, and investment in education and energy"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>**#6 EFG eyes entry into new EM, sees growth in non-banking financial services:<\/strong> EFG Hermes is looking to enter one or two new emerging markets in the next two years as part of a plan to expand its footprint, Group CEO Karim Awad <u><a href=\"http:\/\/almalnews.com\/Story\/389621\/11\/%C2%AB%D9%87%D9%8A%D8%B1%D9%85%D9%8A%D8%B3%C2%BB-%D8%AA%D8%AA%D8%A8%D9%86%D9%89-%D8%AE%D8%B7%D8%A9-%D8%AA%D9%88%D8%B3%D8%B9%D9%8A%D8%A9-%D9%85%D8%B3%D8%AA%D9%86%D8%AF%D8%A9-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D8%B1%D9%88%D8%A7%D9%81%D8%AF-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D9%84%D8%A5%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA\">tells Al Mal in an interview<\/a><\/u>. The firm is already active in some 11 countries and expects to launch operations in Nigeria soon, he said, noting that EFG\u2019s geographic presence in the region allows it access to 95% of markets on the MSCI EM index.<\/p>\n<p><strong>The company also sees a lot of potential for growth in NBFS<\/strong>, Awad said. The segment is expected to generate half of the company\u2019s total revenues in five years\u2019 time. EFG Hermes pioneered the expansion into non-bank financial services with the launch a couple of years back of its successful leasing startup. It also acquired leading private-sector microfinance outfit Tanmeyah and <u><a href=\"https:\/\/efghermes.com\/en\/InvestorRelations\/New_Disclouser\/EFG%20NR%20ValU%20Launch%20E%20v3.pdf\">launched valU (pdf)<\/a><\/u>, a consumer finance startup, in December 2017. New forays into NBFS are in the pipeline, Awad said.<\/p>\n<p><strong>You can also expect EFG to continue making prop investments in education and energy<\/strong> in the coming period, Awad suggested. Preliminary talks are on to launch a new education-focused fund in Egypt, he said, adding only that the idea has already generated a lot of interest. Awad also pointed to EFG\u2019s recent <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/30\/clarification-efg-gems-acquire-four-schools-in-egp-1-bn-transaction-from-tmg\/\">acquisition of four schools<\/a><\/u> from the Talaat Moustafa Group in a EGP 1 bn transaction through its joint venture with GEMS Education. Awad said Vortex, the firm\u2019s European renewable energy platform, sees substantial new opportunities in the market.<\/p>\n<p><strong>EFG Hermes\u2019 Egyptian pipeline <\/strong>includes the <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/12\/cira-announces-price-range-for-ipo-first-day-of-trading-by-1-october\/\">initial public offering<\/a><\/u> of private education outfit CIRA. Another unspecified transaction should close by the end of the year, Awad said, noting that his firm has closed 12 transactions so far in 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>**#6 EFG eyes entry into new EM, sees growth in non-banking financial services: EFG Hermes is looking to enter one or two new emerging markets in the next two years as part of a plan to expand its footprint, Group CEO Karim Awad tells Al Mal in an interview. The firm is already active in [&hellip;]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624712","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fc77a57a-0933-4911-98f6-0063adb1c031","order":"0","is_powered_by":true,"section_story_id":"1674a629-e29e-4e25-ba10-e8d08c67085b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624693],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFG eyes entry into new EM markets, growth in non-banking financial industry, and investment in education and energy - 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\/2018\/09\/17\/efg-eyes-entry-into-new-em-markets-growth-in-non-banking-financial-industry-and-investment-in-education-and-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG eyes entry into new EM markets, growth in non-banking financial industry, and investment in education and energy\" \/>\n<meta property=\"og:description\" content=\"**#6 EFG eyes entry into new EM, sees growth in non-banking financial services: EFG Hermes is looking to enter one or two new emerging markets in the next two years as part of a plan to expand its footprint, Group CEO Karim Awad tells Al Mal in an interview. The firm is already active in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/efg-eyes-entry-into-new-em-markets-growth-in-non-banking-financial-industry-and-investment-in-education-and-energy\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-17T04:11:37+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/efg-eyes-entry-into-new-em-markets-growth-in-non-banking-financial-industry-and-investment-in-education-and-energy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/efg-eyes-entry-into-new-em-markets-growth-in-non-banking-financial-industry-and-investment-in-education-and-energy\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFG eyes entry into new EM markets, growth in non-banking financial industry, and investment in education and energy\",\"datePublished\":\"2018-09-17T04:11:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/efg-eyes-entry-into-new-em-markets-growth-in-non-banking-financial-industry-and-investment-in-education-and-energy\/\"},\"wordCount\":313,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/efg-eyes-entry-into-new-em-markets-growth-in-non-banking-financial-industry-and-investment-in-education-and-energy\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/efg-eyes-entry-into-new-em-markets-growth-in-non-banking-financial-industry-and-investment-in-education-and-energy\/\",\"name\":\"EFG eyes entry into new EM markets, growth in non-banking financial industry, and investment in education and energy - 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The group\u2019s net revenues reached EGP 1.03 bn for the quarter, up 24% y-o-y over the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622112,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/27\/efg-hermes-aims-to-have-non-bank-financial-services-deliver-50-of-profits-by-2021\/","url_meta":{"origin":624712,"position":1},"title":"EFG Hermes aims to have non-bank financial services deliver 50% of profits by 2021","author":"enterpriseam admin","date":"27 November 2018","format":false,"excerpt":"EFG Hermes aims to have non-bank financial services deliver 50% of profits by 2021: EFG Hermes aims for non-banking financial services to account for 30% of its total profit by year-end and 50% by the end of 2021, CEO Karim Awad told Reuters. The investment bank is looking to get\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/11\/779.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636187,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/26\/efg-to-begin-factoring-services-in-1q2018-awad\/","url_meta":{"origin":624712,"position":2},"title":"EFG to begin factoring services in 1Q2018 -Awad","author":"enterpriseam admin","date":"26 December 2017","format":false,"excerpt":"In other EFG Hermes news, the investment bank will begin offering factoring services in 1Q2018, CEO Karim Awad said, according to Reuters. \u201cWe see that the Egyptian market is the biggest one that investors can make profit in throughout the coming period,\u201d Awad said. EFG Hermes expects non-financial services to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576333,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/efg-hermes-posts-18-y-o-y-net-profit-growth-in-3q2020\/","url_meta":{"origin":624712,"position":3},"title":"EFG Hermes posts 18% y-o-y net profit growth in 3Q2020","author":"enterpriseam admin","date":"19 November 2020","format":false,"excerpt":"EARNINGS WATCH- EFG Hermes profits grow 18% y-o-y in 3Q2020: EFG Hermes\u2019 net profits increased to EGP 422 mn in 3Q2020, up from EGP 358 in the third quarter of last year, according to the company\u2019s earnings release (pdf). Revenues grew 21% y-o-y to EGP 1.4 bn in 3Q2020. Performance\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587448,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/efg-hermes-holding-is-now-efg-holding\/","url_meta":{"origin":624712,"position":4},"title":"EFG Hermes Holding is now EFG Holding","author":"enterpriseam admin","date":"28 May 2023","format":false,"excerpt":"EFG Hermes Holding has officially rebranded to EFG Holding after the company\u2019s shareholders signed off on the change during last week\u2019s annual general meeting, according to a statement (pdf). The rebrand \u201creflects EFG Holding\u2019s growth from one of Egypt\u2019s first pure-play, independent investment banks to what is now a financial\u2026","rel":"","context":"In &quot;Finance&quot;","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1447.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574076,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/efg-hermes-gb-capital-close-acquisition-of-majority-stake-in-tokio-marines-egypt-arm\/","url_meta":{"origin":624712,"position":5},"title":"EFG Hermes, GB Capital close acquisition of majority stake in Tokio Marine\u2019s Egypt arm","author":"enterpriseam admin","date":"30 August 2020","format":false,"excerpt":"M&A WATCH- EFG Hermes and GB Capital have closed their acquisition of 75% of Tokio Marine Egypt Family Takaful, the two companies said in a press release (pdf). The EGP 84.75 mn transaction gives each of EFG Finance and GB Capital a 37.5% stake in the life insurance company. Tokio\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/234.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\/624712","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=624712"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624712\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624693"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624712"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624712"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}