Consumer Financing
Consumer financing involves providing funds for purchasing goods and services for personal use, with repayment terms spanning at least six months.
In an official statement, the FRA explained that it aims to ensure financial stability within non-banking financial institutions, a critical component for bolstering the national economy and meeting individual needs.
In total, Contact has provided consumer financing, excluding mortgages, of LE 20 billion with an outstanding portfolio of over LE 5.5 billion at the end of 2019.
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