CLC Offers Factoring as an additional Financial Service
We are officially licensed from Financial Regularity Authority (FRA), as we aim to become Egypt’s leading financial institution in tailoring financial solutions to ensure sustainable growth.
What is Factoring?
- Factoring is one of the non-banking financial instrument that provide working capital and accelerate its cycle.
- This activity serves to allocating short-term financial rights arising from exportation.
- This sector includes local factoring and international factoring which is divided into: export factoring and import factoring.
- Factoring activity in Egypt is governed by a series of decisions issued by FRA’s Directors of the Authority based on what is stated in the Executive Regulations of the Investment Guarantees and Incentives Law No. 8 of 1997.
