Financial leasing companies pump 1.1 billion pounds to purchase machinery and equipment within 3 months


Real estate and land activity accounted for the largest share of the value of financial leasing contracts during the period from April to June 2022 at a value of 16 billion pounds, or 81.01% of the total value of contracts, as a result of the large size of this sector compared to other sectors, in addition to the fact that its projects always need to Loans to implement, and also acquired the largest share of the value of lease contracts in the corresponding period of the previous year with a rate of 82.25%.

According to the quarterly report of the Financial Supervisory Authority, the activity of transport vehicles came in second place with 5.85% of the total value of financial leasing contracts, and machinery and equipment activity came in third place with a contract value of about 1.1 billion pounds, or 5.75% of the total value of contracts.

The value of financial leasing contracts increased during the period from April to June 2022, to record 19.8 billion pounds, compared to 19.2 billion pounds during the corresponding period of the previous year, with a growth rate of 3.2%, while the number of contracts decreased from 670 contracts to 942 contracts, with a decrease of 28.87%, reflecting These figures are the increasing importance of the financial leasing market on the map of economic activity in Egypt.

The financial leasing activity is one of the most important financing tools that can support the national economy, in light of the general interest in using this formula to provide financing to individuals and companies, as well as small projects and national projects included in the state budget. It can also contribute to revitalizing many sectors such as Real estate, machinery and equipment and the provision of housing units to citizens.

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