QNB Egypt Grants GlobalCorp Financial Services $57 Million Credit Facility

QNB Egypt, a subsidiary of QNB Group, a leading financial institution in the Middle East and Africa, signed a credit facility agreement with GlobalCorp Financial Services Group, one of the leading non-banking financial services providers in the Egyptian market. Under this agreement, the bank will provide a credit facilities worth EGP 2 billion, dedicated to financing leasing contracts across various sectors. In addition, an EGP 1 billion will be allocated to real estate financing. 

The facility is aimed at supporting GlobalCorp ‘s expansion plans and enhancing its ability to offer flexible and innovative financing solutions tailored to the needs of its clients across various economic sectors. This cooperation comes in light of the growing focus on supporting non-banking financial companies, enabling them to expand and meet market demands, thus boosting investment and supporting economic growth, in line with the QNB Group’s strategic goal to support vital sectors in the markets where it operates.

Through this collaboration, Global Corp aims to support its expansion plans and increase its ability to meet the growing demand for innovative financing solutions, with a focus on supporting various economic sectors, particularly SMEs, thereby contributing to economic growth and enhancing financial inclusion.