Beltone receives regulatory approval to provide factoring services in Egypt


Beltone Financial Holding (Beltone), one of the fastest growing financial institutions in Egypt, announces its consolidated financial and operational results for the period ending September 30, 2023. In nine months, the Company witnessed remarkable transformation and restructuring that led to a solid turnaround. Net profit recorded EGP 86m (US$2.8m), an increase of 161 per cent year-on-year, compared to a net loss of EGP 140m (US$4.5m) during the same period last year, a strong testimony to the restructuring and turnaround that took place over the past year.



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