The non-banking financial activities sector is facing major challenges, however; it is gaining momentum, but the effects on activities and growth expectations vary in light of the continuing economic repercussions. He added that the aim of the new license is to provide financing for the largest customers, whose financing needs exceed more than EGP 500m. He revealed that the non-bank financing activity contributes a large part to the total revenues of EFG Hermes, and it is expected that the activity will maintain its contribution despite the current challenges in the market. The company now deals with each financing case separately, and studies them separately, and determines the extent of the financing need. Mortgage financingEFG Finance provides real estate financing activity through the Foundation’s Bedaya Mortgage Finance, in partnership with Talaat Moustafa Group and GB Capital, with equal shares.
