By: Islam Fadl
Cairo – Mubasher: Global Lease has obtained EGP 1 billion in financing from six Egypt-based banks during the first eight months of this year, the company’s chief risk officer said.
The leasing firm has received loans worth a combined EGP 2.5 billion from 14 national banks since it was founded in 2015, Hisham Abdel Fattah told Mubasher in a phone call.
The company has got $5 million in financings from the European Union’s (EU) companies in two installments in the renewable energy sector, he added, pointing out it is scheduled to receive the remaining $700,000 of the second installment prior to the end of October.
Global Lease is looking to boost its financing portfolio to EGP 2.5 billion by the end of this year after it reached nearly EGP 2 billion, versus EGP 1.7 billion at the end of 2017.
