AMAN Group announces business magnitude and future plans for current fiscal year

  • Date: 27-Jul-2022
  • Source: Zawya
  • Sector:Real Estate
  • Country:Egypt
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AMAN Group announces business magnitude and future plans for current fiscal year

- Moghazy: we have recently invested EGP 240 million to raise our capital reaching a total capital of EGP 615 million reinforcing our local market penetration to achieve a better customer reach.. We established ‘AMAN Securitization’, with plan to securitize EGP 500 million during the upcoming 3 months.. Consumer finance portfolio reaches EGP 2 billion to receive more customers and support AMAN vision towards financial inclusion in line with Egypt Vision 2030

- Wahby: AMAN provides over 2000 payment services through one of the largest expansive merchant networks in Egypt with over 150k POS supporting 2 million transactions daily to be the heralded as the fastest and most inclusive in the market.. We aim to continue expanding in payment acceptance to accelerate the implementation of cashless economy and digitalization.

- Al-Khatib: We aim, this year, to provide microfinance worth over EGP 3.2 billion besides EGP 500 million for SMEs; as we have financed over 70k clients with EGP 1.5 billion.

Cairo:– AMAN Group announces its prominent business magnitude and future plans for the non-banking sector during the current fiscal year, where it plans to launch new financial products and develop the way existing ones are introduced with the aim of improving user-experience and