By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Japan's Nikkei ends higher, gains capped amid continued concerns over global financial crisis
    Japan’s Nikkei ends higher, gains capped amid continued concerns over global financial crisis
    March 27, 2023
    European Commission VP visits Egypt to discuss education, mobility, and migration issues
    European Commission VP visits Egypt to discuss education, mobility, and migration issues
    March 27, 2023
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    March 27, 2023
    Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
    Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
    March 27, 2023
    Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
    Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
    March 27, 2023
  • Politics
    PoliticsShow More
    Germany has delivered Leopard 2 tanks to Ukraine: Scholz
    Ukraine gets first batch of Leopard 2 tanks from Germany
    March 28, 2023
    China’s president Xi met with the King of Saudi Arabia Salman bin Abdulaziz Al-Saud in 2017. Reuters/Alamy
    China’s latest diplomatic move will extend its trade, energy, financial and maritime power
    March 27, 2023
    Saudi Arabia, to the surprise of many, chose China to broker its deal with Iran in March 2023. Chinese Foreign Ministry/Anadolu Agency via Getty Image
    As longterm partnership with US fades, Saudi Arabia seeks to diversify its diplomacy – and recent deals with China, Iran and Russia fit this strategy
    March 27, 2023
    Mass Israel protests after Netanyahu fires defence minister
    Israeli PM calls for calm amid turmoil over government’s judicial overhaul
    March 27, 2023
    Somalia says army kills over 3,000 Al-Shabab militants in 6 months
    Somalia says army kills over 3,000 Al-Shabab militants in 6 months
    March 27, 2023
  • Interviews
    InterviewsShow More
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    March 27, 2023
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Egypt’s microfinance activity increases to EGP 21.61bn in April 2021: FRA
Share
Notification
Latest News
Germany has delivered Leopard 2 tanks to Ukraine: Scholz
Ukraine gets first batch of Leopard 2 tanks from Germany
Politics
China’s president Xi met with the King of Saudi Arabia Salman bin Abdulaziz Al-Saud in 2017. Reuters/Alamy
China’s latest diplomatic move will extend its trade, energy, financial and maritime power
Opinion Politics World
Saudi Arabia, to the surprise of many, chose China to broker its deal with Iran in March 2023. Chinese Foreign Ministry/Anadolu Agency via Getty Image
As longterm partnership with US fades, Saudi Arabia seeks to diversify its diplomacy – and recent deals with China, Iran and Russia fit this strategy
Opinion Politics
Japan's Nikkei ends higher, gains capped amid continued concerns over global financial crisis
Japan’s Nikkei ends higher, gains capped amid continued concerns over global financial crisis
Stock Market
Mass Israel protests after Netanyahu fires defence minister
Israeli PM calls for calm amid turmoil over government’s judicial overhaul
Politics
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Egypt’s microfinance activity increases to EGP 21.61bn in April 2021: FRA
Business

Egypt’s microfinance activity increases to EGP 21.61bn in April 2021: FRA

Daily News Egypt
Last updated: 2021/06/21 at 6:30 PM
By Daily News Egypt 4 Min Read
Share
FRA
SHARE

The microfinance activity in Egypt has reached about EGP 21.61bn in April 2021, up from the EGP 17.47bn recorded in April 2020.

A report issued by the Financial Regulatory Authority (FRA) revealed that companies provided 55.45% of the total financing. This was followed by non-governmental organisations (NGOs) and Category A institutions at 38.1%.

The share of Category C civil institutions recorded 3.33%, then Category B private institutions by 3.06%.

The commercial sector received the largest share of microfinance at 61.4%, followed by the agricultural activity at 18.33%, service activity 13.50%, whilst the manufacturing sector accounted for 6.85%.

The number of financing beneficiaries stood at about 3.256 million clients in April 2021, compared to 3.138 million clients in April 2020.

On the other hand, the FRA revealed that the CorpLease topped the microfinance companies during the period from January to April 2021, with financing amounting to EGP 4.095bn and a market share of 19.99%.

BM Lease came second with financing of EGP 3.476bn and a market share of 16.97%, followed by Cairo Financial Leasing Company with a market share of 8.07% and financing of EGP 1.652bn.

In fourth place came GB Lease, with a market share of 7.28% and financing amounting to EGP 1.490bn, then GlobalCorp which accounted for 5.70% of financing at EGP 1.168bn.

The Al Ahly Leasing Company came in sixth, with a market share of 5.11% and funds of EGP 1.046bn.

In seventh place came Al Taamir for Leasing and Factoring Company with a share of 4.86% and financing of EGP 994.8m, then Al Tawfeek for Financial Lease (AT Lease) with a share of 4.59%, and financing of EGP 940m.

UI Finance ranked ninth, with funding of EGP 617.2m and a market share of 3.28%, whilst the remaining companies acquired a 24.15% share.

As for the mortgage finance sector, Al Ahly Mortgage Finance topped the market during the period from January to April 2021, with a market share of 21.47% and financing amounting to EGP 410.3m.

In second place was Tamweel Mortgage Finance Company, with a market share of 21.47% and financing of EGP 410.3m. This was followed by Amlak Finance, with a share of 10.42% and financing of EGP 199.1m, according to the report issued by FRA.

In fourth place came Al-Tayseer Mortgage Finance with a share of 9.07%, and financing of EGP 173.3m, then Al Tameer Mortgage Finance with a share of 7.26% and financing of EGP 138.8m.

In sixth place, Ahli United Mortgage Finance came with a share of 6.87% and financing amounting to EGP 131.2m, and MLF Finance provided EGP 102.2m with a share of 5.35%.

The Egyptian Housing Finance Company provided about EGP 93.9m in mortgage finance, with a market share of 4.91%, followed by Contact company for mortgage finance with total funds of EGP 92.3m and a market share of 4.83%. In the 10th place, the Arab African International Mortgage Finance came with a market share of 4.80% and total financings of EGP 91.8m.

You Might Also Like

Japan’s Nikkei ends higher, gains capped amid continued concerns over global financial crisis

European Commission VP visits Egypt to discuss education, mobility, and migration issues

Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun

Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export

Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management

TAGGED: FRA, microfinance
Share this Article
Facebook Twitter Email Print
Previous Article HSBC commits funding to Egypt coastal ecosystem restoration project
Next Article Egypt’s Engineering Exports Council targets expansion in new markets Egypt’s Engineering Exports Council targets expansion in new markets
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Germany has delivered Leopard 2 tanks to Ukraine: Scholz
Ukraine gets first batch of Leopard 2 tanks from Germany
Politics
China’s president Xi met with the King of Saudi Arabia Salman bin Abdulaziz Al-Saud in 2017. Reuters/Alamy
China’s latest diplomatic move will extend its trade, energy, financial and maritime power
Opinion Politics World
Saudi Arabia, to the surprise of many, chose China to broker its deal with Iran in March 2023. Chinese Foreign Ministry/Anadolu Agency via Getty Image
As longterm partnership with US fades, Saudi Arabia seeks to diversify its diplomacy – and recent deals with China, Iran and Russia fit this strategy
Opinion Politics
Japan's Nikkei ends higher, gains capped amid continued concerns over global financial crisis
Japan’s Nikkei ends higher, gains capped amid continued concerns over global financial crisis
Stock Market
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?