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Beltone’s consumer finance arm plans to ink 200 deals in 2022 

Beltone’s consumer finance arm plans to ink 200 deals in 2022 

ArabFinance: Beltone Consumer Finance (Belcash), the consumer finance arm of?Beltone?Financial Holding?(BTFH),?is planning to sign 200 new agreements in 2022, CEO of Belcash Moemen Salem told Al Mal Newspaper.  

These agreements include 10 to be signed in the sectors of education, solar power, and real estate development during the first quarter (Q1) of 2022, Moemen said. 

The company is also mulling over to double the loan lending limit for its clients in the sectors of real estate development and education, he pointed out. 

Moreover, the company is considering boosting its financing portfolio by eight times, according to the CEO. 

Belcash is also targeting to increase the number of retailers it deals with to 350 this year, as compared to 150 retailers in 2021, he pointed out. 

The company has been successful in obtaining loan facilities from three banks, the CEO highlighted, adding that it is currently in talks with two banks to get new credit facilities to fund its financing portfolio this year. 

Beltone Financial is a leading regional investment bank based in Egypt that offers a full range of financial services to companies, institutions, and high-net-worth individuals in the Middle East, Europe, North America, and Asia. 

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