“Green Finance” Launched By Contact Financial Holdings: Egypt

It promotes sustainability amid the impacts of climate change on the planet.

According to the report, "Green Finance" is a shift in financing that features monthly and quarterly payment systems that reflect Contact’s view of agricultural activity as well as its cash flow cycle.

The product’s environmental impact is a "green economic activity" that can be used to promote sustainable development.

The report further mentioned the offer of instalments provided by Green Finance for multiple assets, such as solar panels, greenhouses, irrigation systems, and developing projects of trench planting, among others.

The managing director of Contact Finance, Tamer Samir, said, "The company is striving to launch products to achieve sustainability, and this direction is not new  to Contact, as we have always sought to achieve all that is beneficial to the welfare of our customers, and green financing, in particular, is an important and necessary step towards transforming the company’s business towards a greener future."

Said Zater, the CEO of Contact Financial Holding, stated that Contact will be focusing on sustainability in the future and how to do it through new green products.

Report concluded Contact Financial Holding is a leader in non-bank financial services and solutions and manages a number of companies that offer a wide range of insurance and financing products and services.

By Sumita Pawar