Volume of Factoring reports EGP2.7 billion during Jan./August 2015

Volume of factoring business in Egypt reported EGP2.7 billion during first 8 months of 2015. In 2014, total volume of factoring business in Egypt amounted EGP3.7 billion. Outstanding of factoring business stood at EGP1.8 billion at end of August 2015, distributed as follows: 80% local factoring, 6% import factoring and 14% export factoring.