The bank has established various subsidiaries in specialized fields that will position the bank as a major financial institution. The creation of these subsidiaries further demonstrates the commitment Group to Egypt.
Leasing Company Created in 1997
The bank Leasing Company is the first incorporated Egyptian leasing company to provide leasing services to Egyptian companies. It is the market leader with around 2 billion book value assets leased
Life Insurance Company Created in 2003
The bank Life Insurance Company s a subsidiary of the bank. The company has developed a large range of products meeting main customer needs in saving and planning ( AlRafiq Graduation, AlRafiq Wedding, AlRafiq Retirement, AlRafiq Project) & El Nokhba saving program . In addition, the protection policies for both individuals and corporate stuff. Licensed by EISA, the company is among the few players in Egypt combining local roots with international standards
Factoring Company Created in 2012
Factoring Company is a subsidiary of the bank that began its activity on 2012. It is a financial institution specializing in all kinds of factoring activities by offering factoring services both locally and internationally.
The company enjoys all the means, competencies and rapid business solutions of factoring to meet the needs of customers, mainly in the order of financial & commercial operations and micro-niche. This is attributed to its broad spectrum of the Egyptian and the global market, as well as, its international network expertise.