Egypt - Line of Credit to «Corporate Leasing Company (Corplease) »

Project Summary

Approval Date 29 Jan 2020
Signature Date 31 Jul 2022
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Environmental Category 3
Commitment U.A 11,719,848.74
Status Approved

Project General Description

The proposed operation involves a facility in form of a Senior Loan of up to USD 15 mln to support the Corporate Leasing Company (“Corplease”) expansion of leasing financing in Egypt for local corporates, including SMEs. Corplease is a private joint stock company incorporated in December 2003 by Commercial International Bank (CIB) Egypt, DEG (Germany) and Union de Banques Arabes et Françaises. Since then, it has grown remarkably and established itself as a market leader in the leasing market in Egypt. The proposed facility will expand Corplease footprint in the local market, increase its competitive advantage by elongating the tenor of its financial services and lowering its cost of fund, and will target the most vital sectors in Egypt. The proposed support will enhance Corplease capacity to deliver on its strategic agenda, thereby benefitting numerous local corporates, including SMEs currently active in Egypt’s real economy. The facility will complement the Egyptian government and the AfDB efforts to create jobs, stimulate growth and create robust and self-sustaining financial markets. The transaction will assist an active player on the Egyptian capital market and a prominent leasing services provider in the country. It will therefore enable the company fund its projects pipeline and thus expand its leasing portfolio in Egypt on competitive terms.

Project Objectives

The overarching objective of the project is to finance the development of active Egyptian corporates including SMEs, which will contribute to the attainment of the Bank’s priorities and align with Egypt vision 2030. The facility will be used specifically to fund targeted new transactions linked to the Bank Hi5’s priority agenda with emphasis on agribusiness and food industries, ICT, health, transport, tourism, clean energy, and manufacturing related transactions.


The facility will mainly benefit to Corplease, the Egyptian government as well as a wide range of domestic companies operating in agribusiness and food industries, ICT, health, transport, tourism, clean energy, and manufacturing of key importance in Egypt.

Participating Organization

African Development Bank


IATI identifier 46002-P-EG-H00-005
Last Update 06 Feb 2023


Contact Details


Geographic Location

Country Egypt
Coordinates Location Name
30.05 31.65 Cairo Governorate