National Bank of Egypt Deepens Financial Inclusion Drive with Valu Funding
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 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.
The credit facility will support Valu’s ongoing operations until the completion of upcoming bond issuance procedures, ensuring business continuity and enabling the company to respond to rising demand for consumer finance services. NBE noted that strengthening partnerships with leading fintech and non-banking financial institutions is a key pillar of its approach to enhancing financing flexibility and long-term sector sustainability.
Valu welcomed the agreement, describing the National Bank of Egypt as a longstanding strategic partner that has supported the company since its establishment. The company stated that the financing will provide operational flexibility, support expansion plans, and help diversify funding sources, reinforcing its ability to serve customers efficiently during a period of growth.
Founded in 2017 as a subsidiary of EFG Holding, Valu is one of Egypt’s prominent fintech companies, offering a wide range of consumer finance solutions under the supervision of the Financial Regulatory Authority. The company continues to expand its market presence by developing new services aligned with regulatory standards and evolving consumer needs.
