NBE signs EGP 3B short-term financing deal with valU

Updated 1/15/2026 2:31:00 PM

Arab Finance: The National Bank of Egypt (NBE) has signed a short-term financing agreement of up to EGP 3 billion with U Consumer Finance (valU) to support the company’s operations during the current phase, as per an emailed press release.

The agreement is part of the bank’s efforts to support the non-banking financial sector, promote financial inclusion, and expand access to financing solutions.

The signing was attended by Soha El-Turky and Yehia Abou El-Fotouh, deputy CEOs of NBE, and Walid Hassouna, CEO of valU, alongside representatives from both sides.

Following the signing, El-Turky said the financing reflects the bank’s confidence in valU’s business model and its role in the consumer finance market.

She noted that the bank continues to support companies that provide financing solutions aligned with regulatory frameworks and contribute to expanding financial inclusion, in line with its strategy for sustainable economic growth.

El-Turky added that the credit facility comes within the bank’s focus on strengthening cooperation with non-banking financial companies to ensure financing flexibility and business continuity.

She explained that the funding will support valU’s operations until the completion of new bond issuance procedures, helping the company meet demand for consumer finance services in Egypt.

For his part, Hassouna said the cooperation with NBE supports the company’s operational needs and growth plans.

He added that the financing provides flexibility in managing operations during the current phase and supports efforts to diversify funding sources.