Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Leasing activity grows 12% in first half of 2016
EFSA stated that the number of registered leasing companies is now 222 compared to 219 during the first half of last year, 27 of which are active compared to 23 last year
Adel M Fakhry Published in Daily News Egypt on 31 - 07 - 2016

Leasing activity grew by 12% during the first half of 2016 in comparison to the same period last year, president of the Egyptian Financial Supervisory Authority (EFSA) Sherif Samy announced.
Samy said the value of contracts amounted to EGP 11bn this year and was EGP 9.88bn last year. However, the actual number of contracts this year decreased from 1,367 to 1,239.
According to a press release by the EFSA, real estate and land activity contracts outnumbered the rest of the categories with contracts worth EGP 8bn. Following this came equipment and machine activities which accounted for 9.4% of the total number of contracts. Auto transport had the third most contracts amounting to EGP 905m, 8.2% of the total value, the press release added.

The value of factored papers increased 14% to EGP 2.4bn compared to EGP 2bn registered during the first period of 2015, Samy added. The estimated funding balances for the seven licensed companies from the EFSA has increased 62% since last year, amounting to EGP 2.7bn as of the end of June 2016.
Samy also said that the factored papers are divided into local (91%) and international (9%), which benefited 237 companies as of the end of June 2016, compared to the 191 companies in 2015.
Investment in real estate in the first half of 2016 reached EGP 540m through mortgages, compared to last year's EGP 542m, Samy added. Egyptian Mortgage Refinance Co. funding operations amounted to EGP 74m.
Mortgage clients with salaries more than EGP 3,500 per month make up 87% of the total beneficiaries during this period, and clients with salaries between EGP 2,500 and EGP 3,500 are 10%, added the press release.

Clic here to read the story from its source.