The National Bank of Egypt NBE has signed a short-term financing agreement of up to EGP 3 billion with U Consumer Finance, operating under the brand name Valu, one of Egypt's leading financial technology companies. The agreement forms part of NBE's broader strategy to support the non-banking financial sector, promote financial inclusion, and expand access to innovative consumer financing solutions across the Egyptian market.
The signing ceremony was attended by Soha El-Turky and Yehia Abou El-Fotouh, Deputy Chief Executive Officers of the National Bank of Egypt, alongside Walid Hassouna, Chief Executive Officer of Valu, and senior representatives from both organizations. The facility is designed to provide Valu with liquidity support during its current operational phase.
According to NBE, the financing reflects the bank's confidence in Valu's business model and its growing role in developing Egypt's consumer finance ecosystem. The bank emphasized its commitment to partnering with non-banking financial institutions that deliver innovative, responsible, and regulation-compliant financial solutions capable of stimulating local demand and contributing to sustainable economic growth.
