By: Islam Fadl
Cairo – Mubasher: The total value of funding injected by mortgage companies reached EGP 11.4 billion, the Egyptian prime minister Mostafa Madbouly said.
The value of financial leasing contracts hiked to EGP 200 billion in 2019, compared to EGP 4 billion in 2009, Madbouly added during an event organized by the Financial Regulatory Authority (FRA) on Monday.
In addition, factored securities surged to EGP 50 billion from EGP 2 billion ten years ago, reflecting an increase in funding directed to working capital, he revealed.
