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EFG Hermes Holding Concludes aiBANK Acquisition

EFG Hermes Holding informed shareholders today that it has completed its transformation into an Egyptian universal bank with a market-leading frontier emerging markets (FEM) investment banking platform. The news comes as the Firm has finalized its acquisition of a 51% stake in the Arab Investment Bank (aiBANK), marking a strategic entry into the fast-growing and solid Egyptian commercial banking sector. The transaction will see EFG Hermes Holding assume control of aiBANK, with TSFE Financial Services & Fintech Subfund, a subfund fully owned by the Sovereign Fund of Egypt, EFG Hermes Holding’s valued partner, acquiring a 25% stake. 


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Latest News

21 March 2023

EFG Hermes Concludes Advisory on valU’s Fourth Issuance in a Securitized Bond Offering Worth EGP 856.5 million

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Our Services

Investment Banking

EFG Hermes is the leading financial partner in frontier and emerging markets (FEM) and the top MENA ECM advisor. We deploy the largest and most diverse group of FEM professionals, combining a deep knowledge of companies, markets, and economies with proven global expertise. 

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Commercial Bank

In November, 2021, EFG Hermes Holding acquired a 51% stake in aiBANK, marking a strategic entry into the fast-growing and solid Egyptian commercial banking sector enabling the firm to transform into a universal bank. aiBANK currently offers the full spectrum of retail banking, corporate and Islamic banking services. Additionally, aiBANK provides loan syndication services to companies and institutions looking to finance large national projects. 

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Securities Brokerage

EFG Hermes is a leading brokerage house serving both institutional and retail clients in the MENA and wider FEM space, with on the ground presence in Egypt, Kuwait, the UAE, Saudi Arabia, Oman, Jordan, Pakistan, Kenya, Nigeria, Bangladesh, Vietnam, the UK and the US.

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Asset Management

EFG Hermes is a leading MENA asset manager offering both conventional and Sharia-compliant mandates with products tailored to varying investor objectives and risk appetites.

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Private Equity

With an established track record spanning more than two decades, EFG Hermes Private Equity is one of the region’s leading private equity houses.

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Research

EFG Hermes Research is an award-winning, globally recognized research house, combining equities research, macro research, strategy, and index research covering hundreds of stocks and numerous geographies across MENA and FEMs.

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Consumer Finance

valU is Egypt’s premier consumer financing application, allowing customers to make purchases from hundreds of merchants and pay over flexible installments with one of the market’s fastest approval process.

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Mortgage

Bedaya is a joint venture between EFG Hermes, GB Capital and TMG that offers mortgage finance to all consumers looking to buy move-in homes across TMG’s existing projects and potential developments.

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Microfinance

Tanmeyah is Egypt’s number one non-bank provider of microfinance solutions offering loans for micro and very small businesses across Egypt and giving thousands of clients access to the necessary capital to find a path out of poverty and grow their businesses.

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Factoring & Leasing

EFG Hermes Corp-Solutions helps business owners grow sustainably, providing them with immediate access to liquidity without diluting equity or incurring in further debt by selling businesses’ accounts receivables. It also offers a roster of tailored, comprehensive leasing solutions and value-added advisory services.

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Insurance

Kaf is an Egyptian insurance company licensed to offer life, savings and health products. Established in 2021, Kaf is committed to building a meaningful, local insurance platform with the purpose of protecting the health and wealth of the Egyptian people.

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E-payments

PayTabs Egypt is an innovative fintech solution that caters to both the online and digital payment needs of multiple consumer segments in the country. The platform allows users to carry out financial transactions such as purchases, money collection, or bill payments to empower financial inclusion and cashless payments.

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Highlights, Our Blog

MENA Banks Remain Optimistic Towards Year End

New research by EFG Hermes has found that in the banking sector, the current credit quality backdrop is generally favorable, with short-term macro being supportive in the GCC. However, higher borrowing costs and a challenging global economic environment pose potential risks in 2023. In the medium term, infrastructure spending, a push towards greener economies, and potential legal reforms, will all contribute towards loan growth. Here are some of our detailed country insights.

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