Mortgage Finance
- Real estate investment is one of the most critical sectors in the Egyptian economy. The Mortgage Finance Law is paramount in regulating Egypt’s real estate market.
- The Mortgage Finance Law allows the provision of medium—and long-term loans to acquire real estate assets for investment or residential purposes.
- By the end of 2023, the number of mortgage finance licenses- including mortgage refinance firms- reached 19 companies.
Financial Leasing & Factoring
- The Financial Leasing and Factoring Law is crucial in enhancing financial inclusion by offering access to non-bank financial instruments for currently financially underserved groups.
- By the end of 2022, the total number of financial leasing firms licensed by FRA reached 49.
- By the end of 2023, the 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, the number of Factoring 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 fundamental pillars of the seventeen sustainable development goals approved by the United Nations, and it also represents a significant element in the development strategy. Sustainable: Egypt Vision 2030
- The 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.
- Law No. 201 of 2020 amended the Microfinance Law 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.
- Law No. 201 of 2020 amended the Microfinance Law 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) to develop non-bank financial services and provide adequate financing for mortgage finance and financial leasing.
- By the end of 2023, movable collaterals publicized at the ECR had soared by 40% year over year to EGP 2.5 trillion.
