EFG Hermes is an investment bank in the Middle East and North Africa (MENA) region and specializes in securities brokerage, asset management, investment banking, private equity and research. EFG Hermes serves a range of clients including sovereign wealth funds, endowments, corporations, financial institutions, high-net-worth clients and individual customers. EFG Hermes is listed on the Egyptian Exchange (EGX) and London (LSE) stock exchanges. EFG Hermes has offices in Egypt, the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), Qatar, Oman, Kuwait, Jordan and Lebanon with over 800 people from 25 nationalities. They serve clients from the Middle East, North Africa, Europe and the United States.EFG Hermes owns a 63.7% majority stake in the Lebanese commercial bank, Credit Libanais.
In FY 2014, EFG Hermes reported net profit after tax and minority interest of EGP 538 million; on total operating revenues of EGP 2.6 billion, the Group’s strongest performance since 2008. Fee and commission revenue from the investment bank rose 44% Y-o-Y to EGP 951 million in FY 2014, largely due to higher revenue generated from regional operations for the Securities Brokerage, Asset Management and Investment Banking divisions, with regional operations representing 51% of fees and commission revenues.
In 2015, EFG Hermes launched EFG Hermes Leasing, a wholly owned subsidiary of the firm specializing in providing leasing services to large corporates and SMEs across Egypt. EFG Hermes Leasing specializes in offering comprehensive financial leasing solutions and advisory to corporations and SMEs. The company also works with vendor partners.