Contact Financial Holding, Egypt’s leading non-bank financial services provider, announced consolidated financial results for the third quarter of 2024, showing a substantial year-on-year profit increase of 71%. In Q3 2024, Contact’s consolidated operating income rose to EGP 692 million, representing a 36% year-on-year increase, while the total financing portfolio expanded to EGP 20.8 billion. “ContactNow” offers a comprehensive suite of financial services, including bill payments and installment plans, enhancing user engagement and fulfilling customer needs seamlessly. In the automotive market, Contact’s “http://contactcars.com/” platform reported an 80% increase in user traffic, reaching 1.3 million monthly users. The recent opening of our Dubai branch is a milestone in our regional expansion strategy, aimed at delivering convenient financial services to Egyptians residing in the UAE.

Source: Daily News Egypt November 17, 2024 12:48 UTC