عربى

GB Lease

 

is GB Auto’s first financing venture, established in 2008 to provide financing to GB Auto’s commercial vehicles and corporate fleet clients.

 

The company started active operations in 4Q09 and has now grown into a well-developed organization with a diversified lease asset base that covers all asset classes, including real estate, construction equipment, production lines, automotive and others. Tenor is medium-term, and the company focuses on risk diversification by asset class, industry sector, and client; operating with prudent risk management practices with regards to provisions and risk recognition.

 

GB Lease provides business-to-business financial leasing solutions that are nonexclusive to GB Auto, catering to a diversified client base ranging from top-tier multinationals to local corporations of various scales, as well as small and medium enterprises. GB Lease is regulated by and operates under the auspices of the Egyptian Financial Services Authority (EFSA). As per the EFSA, at yeat end 2016 GB Lease ranked as the third leasing company in the Egyptian market with a market share of 10.66%, rising to the position of first place contender as at March 2017, with a market share of 14.7%.