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8 • 2017 ANNUAL REPORT
2017 ANNUAL REPORT • 9
GB Auto at a Glance
GB Capital
Increase in GB Capital
revenue
36.7%
• GB Capital’s subsidiaries cater to all market segments
• GB Lease provides business-to-business financial leasing
solutions. Assets financed are diversified and include
real estate, automotive, production lines, and other as-
set classes. Tenor is medium term, and the company’s
focus is on risk diversification by asset class, industry
sector, and clients.
• Mashroey offers asset-based microfinance lending to
eligible clients for the purchase of motorcycles, tuk-tuks,
YTO tractors and motor tricycles. Mashroey’s credit
policy is stringent, and its portfolio tenor is predomi-
nantly short term.
• Drive provides factoring services to a diversified cli-
ent base, ranging from business-to-business (SMEs) to
business-to consumer (retail), with a focus on the auto
finance sector. It continues to expand its factoring solu-
tions, offering innovative financing products. Operating
under a robust credit policy, the company’s portfolio
tenor is predominately medium term.
• Haram Tourism Transport (HTT) provides car rental
services on a quasi-operational lease basis. Its service
agreements are tailored and entail acquisition, registra-
tion, insurance and maintenance of vehicles, with third
party insurance in place. Average tenor of the portfolio
is three years.
• Tasaheel is a microfinance company and focuses on
direct lending to microfinance eligible clients, predomi-
nately group lending to women, with the aim of help-
ing low-income earners generate higher incomes and
improve their living standards. Loan tenor is short term.
• Market
: Egypt
14.5
%
of FY17 Group
Sales