Valu Signs EGP 3 Billion Facility With National Bank of Egypt

The National Bank of Egypt has signed a short-term financing agreement of up to EGP 3 billion with Valu, operating under U Consumer Finance, as part of efforts to support the non-banking financial sector and widen access to consumer financing.

The agreement forms part of the bank’s broader strategy to promote financial inclusion and strengthen partnerships with non-banking financial institutions. The facility is designed to provide Valu with liquidity support during its current operational phase and will remain in place until the completion of the company’s planned bond issuance procedures.

The signing was attended by National Bank of Egypt Deputy Chief Executive Officers Soha El-Turky and Yehia Abou El-Fotouh, alongside Valu Chief Executive Officer Walid Hassouna and senior representatives from both sides. The bank said the financing reflects confidence in Valu’s business model and its expanding role within Egypt’s consumer finance ecosystem, particularly in delivering regulated and responsible financial solutions that support local demand.

Valu described the National Bank of Egypt as a longstanding strategic partner since the company’s establishment, noting that the facility will provide operational flexibility, support expansion plans, and contribute to diversifying its funding sources.

Founded in 2017 as a subsidiary of EFG Holding, Valu operates under the supervision of the Financial Regulatory Authority and continues to expand its consumer finance offerings in line with regulatory requirements and evolving market needs.