In the beginning of 2017, Egypt Factors was fully acquired by the Europe based trade finance specialist FIMBank plc. The acquisition is considered as a move to further consolidate the Group’s structure.
Worthy to highlight that after the acquisition, Egypt factors capital increased from USD 15 Million to USD 25 Million.
Being part of the FIMBank Group enables Egypt Factors to extend its factoring reach, becoming a significant growth driver for the Group. Following this acquisition, Egypt Factors is now a fully integrated member, forming part of FIMBank’s international factoring network, which includes; India Factoring in India, BrasilFactors in Brazil, its Hellenic branch in Greece and DIFC branch in Dubai.
