Overview
EFG HERMES
EFG Hermes is the premier financial services corporation for emerging markets. The company offers its services through three verticals: Investment Bank platform, which offers securities brokerage, research, investment banking, asset management, and private equity; Non-Bank Financial Institutions (NBFIs) platform, which offers micro-finance, BNPL, leasing, factoring, digital payment solutions, mortgage finance, and insurance services; and Commercial
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Read More Bank, which offers the traditional commercial banking services. It serves individual, corporate, institutional, and government clients (primarily from the Middle East but also from North Africa, Asia, Europe, and the US). Headquartered in Egypt, the company's footprint spans about a dozen countries across four continents, including UAE, KSA, Kuwait, Jordan, the UK, the US, Pakistan, Kenya, Nigeria, Bangladesh, Vietnam, and Singapore. EFG Hermes was formed in 1996 through the merger of the Egyptian Financial Group (or EFG) and financial services company Hermes Financial.
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Read More Bank, which offers the traditional commercial banking services. It serves individual, corporate, institutional, and government clients (primarily from the Middle East but also from North Africa, Asia, Europe, and the US). Headquartered in Egypt, the company's footprint spans about a dozen countries across four continents, including UAE, KSA, Kuwait, Jordan, the UK, the US, Pakistan, Kenya, Nigeria, Bangladesh, Vietnam, and Singapore. EFG Hermes was formed in 1996 through the merger of the Egyptian Financial Group (or EFG) and financial services company Hermes Financial.
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Karim Ali Awad Saleh Salama
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Securities and Commodity Contracts Intermediation and Brokerage
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Other Investment Pools and Funds
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Other Financial Investment Activities
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Security brokers and dealers
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Investment bankers
See All Industries , Investment offices, nec , Holding companies, nec Investors, nec
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See All Industries , Investment offices, nec , Holding companies, nec Investors, nec
See Fewer Industries
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Depository Credit Intermediation
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
View more , Other Investment Pools and Funds Securities and Commodity Exchanges
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View more , Other Investment Pools and Funds Securities and Commodity Exchanges
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Estimated
$697.42 million
Actual
58.04%
38.59%
$121,907
DEC
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Egyptian:HRHO
Contacts
Get in Touch with 12 Principals*
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Karim Ali Awad Saleh SalamaChief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2023
$697.42 million
USD
Actual
1 USD = 30.8985 EGP
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Operating Cash | -$278 | $380 | -$228 |
| Net Investing Cash | $237 | $16 | $29 |
| Net Financing Cash | $238 | -$216 | $195 |
| Net Change in Cash | $197 | $180 | -$4 |
| Cash at Beginning of Period | $456 | $243 | $80 |
| Cash at End of Period | $653 | $423 | $153 |
| Capital Expenditure | -$24 | -$12 | -$3 |
| Assets (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $913 | $787 | $970 |
| Accounts Receivable | $219 | $200 | $182 |
| Inventories | $ | $ | $ |
| Other Current Assets | $1,072 | $874 | $926 |
| Asset Summary | |||
| Total Current Assets | $2,205 | $1,861 | $2,078 |
| Tangible Fixed Assets | $70 | $53 | $49 |
| Intangible Assets | $20 | $22 | $4 |
| Total Assets | $121,908 | $106,101 | $97,386 |
| Liabilities (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $408 | $355 | $413 |
| Short-Term Debt | $581 | $451 | $406 |
| Other Current Liabilities | $1,659 | $1,475 | $720 |
| Liability Summary | |||
| Total Current Liabilities | $2,648 | $2,280 | $1,540 |
| Long-Term Debt | $175 | $141 | $378 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $3,059 | $2,710 | $2,582 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Equity | |||
| Common Stock | $236 | $189 | $157 |
| Retained Earnings | $276 | $240 | $210 |
| Equity Summary | |||
| Total Equity | $755 | $612 | $474 |
| Shares Outstanding | 1,459,606,008 | 1,459,606,007 | 1,459,606,006 |