Latest news with #Non-BankingFinancialInstitutions
Khaleej Times
14-04-2025
- Business
- Khaleej Times
For the second time, Beltone Holding successfully completes its capital increase
Beltone Holding has successfully completed its second capital increase, securing EGP10.5 billion with a 98% subscription coverage. This outstanding result is a clear reflection of the confidence placed in the company by both shareholders and the market, reinforcing its successful growth and strong market position. The majority of the subscription was secured through foreign investments, highlighting the strong confidence international investors have in Beltone's strategy for sustainable growth. Dalia Khorshid, Group CEO and Managing Director, commented: 'This second capital increase marks a defining milestone in Beltone's growth journey, reflecting the trust we've earned from our shareholders and the market's recognition of our strong and impactful growth. Guided by a data-driven strategy, and powered by an exceptional team, we are accelerating growth across our platforms, with a strong focus on strategic expansion, AI, and digital transformation.' The proceeds from the capital increase will be strategically deployed to fuel Beltone's growth across its platforms, focusing on expanding into high-growth markets, enhancing its digitally scalable capabilities, broadening its product offerings, and attracting top-tier talent to continue driving operational excellence and innovation. In 2024, Beltone posted record-breaking financial results that underscore its transition into a strong growth phase. Consolidated operating revenues reached EGP7.2 billion, growing nearly 4x year-on-year, while net profit surged 4.6x year-on-year to exceed EGP1.7 billion. This exceptional performance was driven by significant contributions from across the company's platforms, led by the Non-Banking Financial Institutions (NBFIs) platform, which generated EGP5.8 billion in operating revenues, an almost 6x increase year-on-year—and the Investment Banking platform, which recorded revenues of EGP1.3 billion, up 2.4x year-on-year. This successful capital raise reinforces Beltone's position as a future-focused financial powerhouse, committed to delivering sustainable growth and value creation for all stakeholders. FABMISR acted as the subscription receiving bank.
Globe and Mail
20-02-2025
- Business
- Globe and Mail
Microfinance Market Poised to Reach US$ 496.9 billion by 2032 with a 10.8% CAGR
Microfinance Market Research Report By Type of Institution (Banks, Non-Banking Financial Institutions (NBFIs), Cooperatives, Credit Unions), By Product Type (Microloans, Savings Accounts, Insurance, Money Transfers), By Loan Purpose (Business Development, Education, Housing, Agriculture), By Target Customer (Microentrepreneurs, Low-Income Households, Women, Youth) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032 The global Microfinance Market has experienced significant growth in recent years and is set to expand further over the coming decade. In 2023, the market size was valued at USD 237 billion and is projected to grow from USD 262 billion in 2024 to USD 496.9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.8% during the forecast period (2023–2032). The market's expansion is primarily driven by financial inclusion initiatives, increasing demand for small-scale loans, and the digital transformation of microfinance services. Key Drivers of Market Growth Rising Demand for Financial Inclusion Microfinance plays a crucial role in providing financial services to underserved populations, particularly in developing regions. Governments and non-governmental organizations (NGOs) are promoting microfinance to empower low-income individuals and small businesses, driving market growth. Growth of Micro, Small, and Medium Enterprises (MSMEs) MSMEs rely on microfinance institutions (MFIs) for working capital and expansion funds, especially in emerging economies. The increasing number of small businesses and startups is fueling the demand for microcredit and microloans. Adoption of Digital Microfinance Services The integration of mobile banking, blockchain, and artificial intelligence (AI) in microfinance has improved accessibility and efficiency. Digital lending platforms and fintech innovations are enabling faster loan disbursements, reducing operational costs, and minimizing risks. Government and Regulatory Support Governments worldwide are implementing policies to support microfinance initiatives, including interest rate subsidies, financial literacy programs, and credit guarantee schemes. Regulatory frameworks are evolving to enhance transparency and security in the microfinance sector. Increasing Participation of Impact Investors Social impact investors and microfinance investment funds (MIVs) are actively supporting microfinance institutions, providing capital to expand financial access in rural and unbanked regions. The rising interest in sustainable finance is contributing to market expansion. Download Sample Pages - Key Companies in the Global Microfinance Market Include Kiva MicroVest Accion International PRODEM SKS Microfinance Women's World Banking Opportunity International Plan International BRAC FINCA International Market Segmentation To provide a comprehensive analysis, the global Microfinance Market is segmented based on service type, provider type, and region. 1. By Service Type Microcredit: Small loans provided to individuals and businesses. Micro-Savings: Low-income individuals using microfinance institutions to save money. Micro-Insurance: Affordable insurance products tailored for underserved populations. Remittance Services: Money transfer and payment services for low-income individuals. 2. By Provider Type Microfinance Institutions (MFIs): Dedicated institutions offering small loans and financial services. Banks: Commercial and rural banks integrating microfinance services. Non-Governmental Organizations (NGOs): Non-profits supporting microfinance initiatives. FinTech Companies: Digital platforms and mobile lending apps providing microfinance solutions. 3. By Region North America: Increasing demand for microfinance solutions in underserved communities. Europe: Growth driven by social impact investing and financial inclusion policies. Asia-Pacific: Largest and fastest-growing region, with strong microfinance adoption in India, Bangladesh, and Indonesia. Rest of the World (RoW): Expanding financial access in Latin America, Africa, and the Middle East. The global Microfinance Market is on a strong growth trajectory, driven by digital innovation, financial inclusion efforts, and increasing support for small businesses. As microfinance institutions continue to evolve with technology-driven solutions, the industry is expected to play a key role in poverty reduction and economic development. With vast opportunities across various regions and financial segments, the future of the microfinance sector looks promising. Related Report – Machine Learning in Banking Market Musical Instrument Insurance Market About Market Research Future – At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. The MRFR team have a supreme objective to provide the optimum quality market research and intelligence services for our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments enable our clients to see more, know more, and do more, which help to answer all their most important questions.
