In 2016, we launched our non-banking platform by acquiring a majority stake in Corplease, the largest financial leasing company in Egypt. Through its broad offering of various leasing products and services, Corplease has become the partner of choice to most of Egypt’s large corporates and industrial groups.
Corplease has been successfully operating in the Egyptian leasing market since 2004. The company provides leasing products and services, tailored to meet corporate capital expenditure needs for a wide variety of assets, including commercial real estate, equipment financing, plant and machinery, transportation assets, systems and IT, office equipment, and fleet management.
Corplease is at the leading edge of innovation in the domestic leasing industry, with a clear business model, an ambitious vision, and remarkable growth plans. The company has adopted conservative credit underwriting and risk management principles, resulting in a well-diversified and high quality portfolio that reacted well to the changes in the business environment. The quality of the company’s lease portfolio remains robust, with a collection rate in excess of 97%, in 2014. Corplease was awarded the “Best Securitization Deal in EMEA from EMEA Finance for its third asset- backed securitisation, a near USD100mn instrument.
Corplease Emirates Limited is the regional extension of Corplease in the GCC. It is 100% owned by Corplease, well located at DIFC that extends lease finance services in local and foreign currency to UAE business community. The subsidiary provides a wide range of leasing products that are as novel as its presence in the market.