About Us
CorpLease (Corporate Leasing Company Egypt S.A.E) is a broad-based financial services company operating in Egypt since 2004 and providing a full range of leasing products and services.
CorpLease focuses on large and medium ticket leasing transactions in all sectors and industries. The company’s strategy is to utilize the vast resources of financial experience to build, nurture and develop long-term relationships with the clients.
CorpLease has four primary business lines: Vendor Finance, Direct Leasing, SME Finance and Structured Finance
CorpLease applies strict, conservative credit and risk management principles in order to ensure a high quality portfolio and to ensure the delivery of the best interest for the clients.
CorpLease has a professional, experienced management team and a highly skilled work force that will take the time to understand your business leasing needs and advise various solutions tailored to your specific needs and budgets.
Shareholders
|
Ownership |
Commercial International Bank (Egypt) – CIB |
40% |
Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) |
22% |
Union De Banques Arabes Et Francaises – U.B.A.F |
17% |
CIB Employees Social Insurance Fund |
12% |
Others |
9% |
|
The Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (51%) and the Chase Manhattan Bank (49%) under its original name 'Chase National Bank of Egypt'. Following Chase's decision to divest its equity stake in 1987, National Bank of Egypt increased its shareholding to 99.9%, and the Bank changed its name to Commercial International Bank (Egypt) S.A.E.
During 1993, as part of its privatization strategy, CIB successfully launched a public share issue resulting in a decrease of the major shareholder's stake to 43%, while CIB and NBE employees became the owners of 16% of the Bank's capital in a parallel employee ownership plan. The remaining 41% was sold to over 14,000 Egyptian, Arab and multinational investors, including the International Finance Corporation.
In July 1996, National Bank of Egypt (NBE), CIB's principal shareholder, sold an additional 20% equity stake in CIB's capital through a Global Depository Receipts (GDR) offering listed on the London Stock Exchange. This was the first such offering by an Egyptian company and has proven to be a great success representing the highest level of subscription of any Middle East international equity offer to date, raising over $120 million.
DEG, member of KfW Bankengruppe, is one of the largest European development finance institutions for long-term project and company financing. For more than 40 years, DEG has been financing and structuring the investments of private companies in developing and transition countries.
DEG invests in profitable projects that contribute to sustainable development in all sectors of the economy, from agriculture to infrastructure and manufacturing to services. We also focus on investments in the financial sector in order to facilitate reliable access to capital locally. To date, we have worked together with more than 1,300 companies. By providing over EUR 7 billion of finance, we have achieved a total investment of over EUR 45 billions.
DEG’s aim is to establish and expand private enterprise structures in developing and transition countries, and thus create the basis for sustainable economic growth and a lasting improvement in the living conditions of the local population.
U.B.A.F was founded in 1970 to strengthen economic cooperation between the Arab World and France. The shareholders include major financial institutions throughout the Arab countries and Calyon.
U.B.A.F. is a French bank; its Head Office is located in Paris-Neuilly.
Since its inception, U.B.A.F. has extended its activities throughout Europe, and has established a strategic position in Asia - developing the first and largest Arab bank network in the Asia-Pacific area.
This international reach, backed by support from institutional shareholders and representative offices in the Arab World, provides the basis for U.B.A.F. to satisfy the requirements of Arab countries in the areas of trade assistance and finance.
From its origins, U.B.A.F. has been especially active in trade finance with these countries, providing a broad offering of products and services.
