Latest in Tag: EFG Hermes Highlight

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Latest in Tag: EFG Hermes

EFG Hermes closes valU’s first securitized bond offering worth EGP 322.5m

EFG Hermes, the financial services corporation in Frontier Emerging Markets (FEM), has announced that it successfully closed valU’s first securitization issuance worth EGP 322.55m, as part of a broader EGP 2bn securitization programme approved by the Financial Regulatory Authority (FRA) on 25 July 2021. The bond is backed by a receivables portfolio of EGP 369m …

Daily News Egypt

EFG Hermes 18% YoY growth in net profit during Q3 of 2020

Revenues for the quarter came in at EGP 1.4bn, up 21% YoY. Revenues were buoyed by strong performance from EFG Hermes’ buy-side platform on the back of strong revenues at the Private Equity division on realized incentive fees of EGP 349m following the exit from Vortex Solar

Alyaa Stohy