Valu, MENA’s leading universal financial technology powerhouse, announced today that it has finalized its 15th securitized bond issuance, worth EGP 1.036 billion, with EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), this brings Valu’s total securitizations value to EGP 12.3 billion. The issuance is the fifth under the newly approved securitization program, which is worth a total of EGP 16.0 billion.
EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), announced today its results for the first quarter of 2025. EFG Holding reported revenues of EGP 5.6 billion in 1Q25, marking a 34% Y-o-Y decline. However, this decrease was entirely attributable to the exceptionally high base in 1Q24, which included the effect of the large devaluation of the EGP against the US Dollar, translating into a substantial foreign exchange (FX) gain. Barring this FX impact, EFG Holding demonstrated exceptional operational performance, with all business lines showing resilience and strength. Excluding the impact of any FX gains over both periods, the Group’s revenues would be up 31% Y-o-Y, underscoring the Group’s robust execution and momentum across its core activities, mainly the Investment Bank, EFG Hermes, and the Non-Bank Financial Institutions (NBFI) Platform, EFG Finance, followed by the Commercial Bank, Bank NXT
Tanmeyah, a subsidiary of EFG Holding, and a leading provider of innovative and integrated financial solutions for small business owners and entrepreneurs, received the “Excellence in Customer Relationship Management” award at the MENA Banking Excellence Awards. This recognition celebrates the company’s client-centric approach and continued commitment to financial inclusion across Egypt.
Valu, MENA’s leading universal financial technology powerhouse, announced today a collaboration with Vezeeta Lab, the Innovation Hub of MENA’s leading health-tech platform Vezeeta, and Geidea, a renowned payment solutions provider. This partnership will help make healthcare services in Egypt more accessible, affordable, and seamless for millions of patients.
Tanmeyah, a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on microfinance enterprise segments, signed today a strategic partnership with AMAN Holding - a Raya Holding subsidiary and fintech group in Egypt. The agreement will enable Tanmeyah to roll out new digital channels that allow customers to receive their financing and pay their installments more easily and flexibly.
EFG Foundation for Social Development (EFG Foundation), a non-profit, non-governmental organization dedicated to sustainable, high-impact development initiatives, is proud to announce that it has successfully completed two major initiatives to enhance dialysis care at Minia University Hospital. These projects, executed through strategic partnerships with Minia University, address the region's critical shortage of dialysis services, benefiting both pediatric and adult patients.
EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA) announced today that its investment banking division successfully concluded advisory on the EGP 1.64 billion securitized bond issuance for Bedaya Mortgage Finance, a subsidiary of EFG Finance, and one of the leading non-bank mortgage providers in Egypt. The issuance comes as their sixth since inception and the fourth in a wider EGP 3.0 billion program.
Tanmeyah, a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on microfinance enterprise segments, announced today a partnership with TotalEnergies Marketing Egypt a Joint Venture between TotalEnergies and ADNOC Distribution. The partnership will revolutionize access to vehicle operational expenses, such as fuel, lubricants, and car wash services for drivers. This collaboration will enhance businesses by offering seamless, affordable solutions for vehicle operation.
EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), announced today its results for the full year ended 2024. The Group booked its highest-ever recorded revenues of EGP 24.4 billion, representing a remarkable 66% Year-on-Year growth, underpinned by increasing revenues reported by all lines of business of the Group, EFG Hermes, the investment bank vertical, followed by Bank NXT, the commercial bank vertical, and EFG Finance, the Non-Bank Financial Institutions (NBFI) vertical.
EFG Holding S.A.E. (EFG Holding), a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), disclosed today that its Board of Directors has passed several resolutions regarding the listing of U Consumer Finance S.A.E. ("U"), known by its brand name Valu, on the Egyptian Exchange (EGX)
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