The Firm is now a universal bank in Egypt with a market-leading investment banking platform in frontier emerging markets (FEM)   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 … Continue reading EFG Hermes Holding Concludes aiBANK Acquisition

The Group’s bottom-line maintained its upward trajectory and booked a solid 24% Y-o-Y increase to EGP 406 million in 2Q21 EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported today its second quarter results for 2021. EFG Hermes’ revenues grew by 20% Y-o-Y to EGP 1.6 billion in 2Q21, driven by an outstanding performance from the Investment Bank and the NBFIs platform, delivering a solid 66% Y-o-Y increase in revenues from fees and commissions to EGP 1.1 billion in 2Q21. “Our second quarter results showcase EFG Hermes’ ability to swiftly capitalize on improved market conditions and … Continue reading EFG Hermes delivered a second consecutive quarter of stellar performances across its operations and recorded a 20% Y-o-Y increase in revenues in 2Q21