Non-Banking Financial Activities

Mortgage Finance

  • The real estate investment is one of the most important sectors in the Egyptian economy. The Mortgage Finance Law is of paramount importance in regulating the real estate market in Egypt.
  • The Mortgage Finance Law allows providing of medium- and long-term loans for acquiring real estate assets for investment or residential
  • By the end of 2023, number of mortgage finance licenses- including mortgage refinance firm- reached 19 companies

Financial Leasing & Factoring

  • The Financial Leasing and Factoring Law plays a crucial role in enhancing financial inclusion by offering access to non-banking financial instruments for currently financially underserved groups.
  • By the end of 2022, total number of financial leasing firms licensed by FRA reached 49.
  • By the end of 2023, number of financial leasing companies licenses reached 49 companies
  • Financial leasing contracts increased by 33.7% to EGP 117.5 billion in 2023 compared to EGP 9 billion in 2022.
  • By the end of 2023, number of Fcatoring companies licenses reached 39 companies
  • Total factoring value amounted to EGP 44 billion in 2023, up 6% from EGP 31.3 billion in 2022.

Consumer Finance

  • Consumer finance is a key tool for achieving social justice, as it allows middle and low-income classes to access financial services, which is one of the basic pillars of the seventeen sustainable development goals approved by the United Nations, and it also represents a major element in the development strategy. Sustainable: Egypt Vision 2030
  • Total value of consumer finance increased by 58.7% to EGP 47.3 billion in 2023 from EGP 29.8 billion in 2022.

MSMEs Finance

  • FRA supports microfinance as part of its strategy to achieve financial inclusion and empower women and youth economically.
  • The Microfinance Law was amended by Law No. 201/2020 to add the regulation of small and medium-sized enterprises (SMEs) finance under the Microfinance Law.
  • FRA supports microfinance as part of its strategy to achieve financial inclusion and empower women and youth economically.
  • The Microfinance Law was amended by Law No. 201/2020 to add the regulation of small and medium-sized enterprises (SMEs) finance under the Microfinance Law.

Egyptian Collateral Registry

  • In 2017 FRA established the Egyptian Collateral Registry (ECR) as part of its effort to develop the non-banking financial services and provide adequate finance for mortgage finance and financial leasing.
  • By the end of 2023, movable collaterals publicized at the ECR soared by 40% year-on-year to EGP 2.5 Trillion.
Last modified: May 16, 2024

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