Cairo – Mubasher: Beltone Financial Holding submitted a request to the Financial Regulatory Authority (FRA) to grant its subsidiary a licence to provide consumer finance services.
This move is part of the company’s previously-announced strategy to expand into non-banking financial services, according to a bourse disclosure on Sunday.
It is worth mentioning that in the first quarter of 2020, Beltone reported net losses of EGP 8.44 million, down by 74% from EGP 33.3 million in the corresponding period a year earlier.
