Consumer finance companies pump more than 55 billion pounds in 11 months
Consumer finance companies operating in the Egyptian market pumped financing worth EGP 55.067 billion during the first 11 months of 2024, compared to EGP 43.321 billion during the same period in 2023, at a growth rate of 27.1%.
The number of consumer finance customers reached 3.758 million customers during the first 11 months of 2024, compared to 3.128 million customers during the same period in 2023, according to reports issued by the Financial Regulatory Authority.
The electrical appliances and electronics sector accounted for 29,01% of consumer finance companies’ financing during the first 11 months of 2024, followed by the car and vehicle purchase sector with a share of 26,64%, then the home appliances sector with a share of 11,22%, and the purchases sector issued with a single invoice from various stores and commercial chains with about 6,21%, then the purchase of clothes, shoes, bags, watches, jewelry and glasses with a share of 5,77%.
