Who we are?
QNB Factoring Company (Joint Stock Company)
Subject to the supervision and regulation of The Financial Regulatory Authority (FRA)
The bank has established various subsidiaries in specialized financial fields that position QNB as a major financial institution. The creation of these subsidiaries further demonstrates the commitment of QNB Group towards the Egyptian market.
QNB Factoring Company was established in 2012
QNB Factoring Company is a subsidiary of QNB that began its activity on 2012. It is a financial institution specializing in all kinds of factoring activities by offering factoring services both locally and internationally. QNB Factoring enjoys all the means, competencies and rapid business solutions of factoring to meet the needs of customers, mainly in the order of financial & commercial operations and micro-niche. This is attributed to its broad spectrum of the Egyptian and the global market, as well as, its international network expertise. It is currently one of the leading Factoring companies operating in the Egyptian market.
QNB Factoring Company whom the majority shareholder of the company acts as the arm of QNB Bank in presenting Factoring service.
QNB Bank owns 99.98% of the Company’s capital.
QNB Factoring has succeeded to maintain its leading position since its inception due to its highly competent and trained employees, its wide base of customers who are keen to receive outstanding services, its continuous business growth rates, its strong asset base and its innovative products that meet customers’ expectations.
QNB Factoring Company (Joint Stock Company) was established pursuant to the provisions of Law No. 8/1997 for investment guarantees and incentives, Law No. 159/1981 that of joint stock companies, Law No. 95/1992, its amendments and its Executive Regulations promulgating the Capital Market Law. The Company operates its Factoring activities according to Law No. 176/2018 regulating financial lease and factoring activities.
QNB Factoring enjoys all the means, competencies and rapid business solutions of factoring to meet the needs of customers. This is attributed to its broad knowledge of the Egyptian and the global market, as well as, its international network expertise.
QNB Factoring is ranked first as a pioneering institution in the space of domestic and international factoring.
The company is a member in Factors Chain International FCI, which is a global network of leading factoring companies.