Contact is the largest independent consumer finance provider in Egypt targeting primarily the unbanked population with over EGP 1.4 billion in loans booked in 2015. Contact is also the largest issuer of securitized bonds in Egypt with around EGP 6.6 billion issued till 2015 achieving the highest rating by a non sovereign. Contact was founded in 2001 as the first independent consumer finance provider with a specialization in retail passenger car financing arranging loans in excess of EGP 7.5 billion, serving clients throughout Egypt. The company operates several distinct business lines in both retail and enterprise services. Its retail services mainly constitutes of auto loans to provide car loans for new and used passenger vehicles dictating the company as the country’s largest provider of consumer car loans, club memberships financing, consumer goods financing as well as mortgage financing. The company’s Enterprise services constitutes of debt securitization, SME leasing, insurance brokerage, as well as asset management.
In November 2015, the Egyptian-American Enterprise Fund (“EAEF”), under LCP’s management, acquired a majority stake in Sarwa Capital. The transaction included the injection of US$20 million of new capital to enhance the company’s capital base, in addition to buying out existing shareholders.
Visit the company’s website http://contact.eg