Description
ST Egypt was established in 2008, with the aim of providing credit reinsurance support, coupled with professional expertise in the management of such credit granted by banks and financial organizations. CST Egypt also manages all kind of consumer loans, beginning with selection and ending with bad debts recoveries.
Credit insurance, allows a true and real “TRANSFER OF RISK” allowing the bank to rest safe in case of payment default. Hence the effective risk is in fact borne by the insurance company. CST Egypt acts as a perfect go-between between the bank, the insurance company, the participating merchants and finally the consumer or end-user.
CST Egypt acts as the back-office for parties involved in such financing schemes: The bank, the insurance company, the trader, etc… Within our system, the credit operation is followed since the time the credit application is filled by the consumer and up to the time when the latter has totally reimbursed his loan.
CST Egypt makes the necessary inquires and evaluates the credit risk (credit scoring), it also takes in charge the daily follow-up of payment delays, and eventually the claim process and recovery in case of payment default
Work Space
