Press Releases
Financing Granted by FRA-Regulated Entities Surpasses EGP 1 Trillion – Wednesday 24 December 2025
- Financing grew by 54.6% to reach EGP 1.1 Trillion between January and October 2025.
For the first, total financing granted by FRA-Regulated entities has exceeded EGP 1 Trillion.
Financing activities regulated by the Authority achieved a qualitative leap during January to October 2025, reaching approximately EGP 1.1 Trillion – a remarkable growth of 54.6% compared to the same period in 2024.
Moreover, financing activities have witnessed a remarkable 82.5% expansion since Dr. Mohamed Farid assumed the chairmanship in August 2022. Total financing volumes surged from EGP 584 billion at the end of 2022 to EGP 1.1 trillion during Jan–Oct 2025.
Sectoral Performance Breakdown (Jan–Oct 2025):
- Equity Capital Markets: Led with EGP 553.4 billion in share issuances, reflecting a growth of 41.6%.
- Financial Leasing: Reached EGP 139.9 billion, representing a growth of 58.2%.
- Factoring: Reached EGP 102 billion mark, showing a robust growth of 82.4%.
- MSME Financing: Totaled EGP 85.9 billion, marking a growth of 11.9%.
- Debt Instruments: Witnessed a massive surge, totaling EGP 77.2 billion with a growth of 145.8%.
- Consumer Finance: Reached EGP 74.9 billion, achieving a growth of 58%.
- Mortgage Finance: Reached EGP 32.5 billion, recording a growth of 55.5%.
- Moveable Collateral Registry: Witnessed a significant expansion, with registered assets valued at EGP 4 trillion, a growth of 39.8%.
- MSME Outstanding Portfolios: This growth is mirrored in the MSME sector, where portfolios reached EGP 93.8 billion, representing a growth of 27.1%.
These indicators reflect the resilience and sustainable growth of non-banking financial activities. They further highlight the vital role of the regulatory and legislative framework in facilitating financing flows, enhancing financial inclusion and stimulating economic activity across various sectors.
FRA Updates Responsible Pricing Index for MSME Finance – Wednesday 24 December 2025
Dr. Mohamed Farid:
- MSME Financing rates show relative stability despite market volatility.
- Disciplined price gaps and a strategic focus on financing portfolio quality.
- Microfinance exhibited consistent pricing trends, accompanied by a shift toward portfolio quality.
FRA has finalized the latest update to Responsible Pricing Reference Index for MSME financing, utilizing data as of September 2025. This move underscores the Authority’s commitment to foster market transparency and optimize the efficiency of the non-banking financial sector.
Notably, Dr. Mohamed Farid – FRA Chairman launched the Responsible Pricing Index in September 2023. This marked the first time such an index was introduced within Egypt’s financial sector specifically for MSME financing activity.
Recent statistical data from the index reveals significant developments in the cost of non-banking finance in Egypt. A comparison between September 2024 and September 2025 shows limited movement in pricing levels, characterized by relative stability across most financing categories. Variations in pricing tiers remained tied to the risk profiles of products and clients despite current economic variables.
This update underscores the Authority’s commitment to transparency by providing periodic data that allows clients to assess the Total Cost of Credit (TCC). By enabling direct rate comparisons across licensed providers, the index empowers borrowers to make informed financial decisions and strengthens market disclosure.
Dr. Mohamed Farid stated that September 2025 review demonstrates the resilience of licensed entities in managing costs and absorbing market fluctuations. He noted that financing is increasingly being directed toward low- and medium-risk clients.
The Chairman added that individual micro- finance moved within stable price ranges in September 2025. Based on the Median metric, pricing ranged from approximately 30% for low-risk clients to 32% for high-risk clients.
Dr. Farid explained that minimum pricing levels remained low across all risk categories. The “most frequent” market prices indicate that most lenders are focusing on medium-risk clients, reflecting a strategic balance between risk management and sustainability of financing activities.
The data further confirms a trend toward low- and medium-risk clients, highlighting the lenders’ commitment to maintain financing portfolio quality. This occurs alongside the provision of group-based financing products at relatively competitive prices.
Index results reveal that group microfinance displayed notable price resilience, with median rates fluctuating between 31.5% and 33% across different risk tiers. These results indicate that pricing spreads remain well regulated and aligned with risk profiles.
Data shows that SME financing experienced positive stability compared to other products. Median financing rates recorded a narrow range between 22.4% and 22.7% across all risk categories.
Minimum pricing levels remained stable, ranging between 19.5% and 20.6%.
Moreover, Data shows that 81% of SME financing entities adhered to the Responsible Pricing Standards, while compliance reached 64.4% for individual microfinance and 64.3% for group financing.
The index tracks real-time shifts in MSME financing costs across all Egyptian governorates. By utilizing a transparent and objective methodology, FRA ensures that the index serves as a factual representation of the non-banking financial market.
Regularly updated on FRA website, the index serves as a comparative tool for entrepreneurs to evaluate total financing costs. This transparency curbs unwarranted price volatility and balances borrower protection with institutional sustainability.
The importance of updating the index lies in the continuous growth of MSME financing as a primary driver of economic activity and job creation, as well as its vital role in supporting financial inclusion and expanding the formal non-banking financial services base.
In this context, the value of MSME financing rose by 11.9% to reach EGP 85.9 billion from January to October 2025 compared to the same period in 2024. Total outstanding balances reached EGP 93.8 billion by the end of October 2025, representing a robust 27.1% growth.
On the other hand, updating the index is an extension of the practical application of FRA resolution No. (20) of 2022 regarding responsible pricing controls. It aims to establish disciplined and fair pricing practices, adhering to fixed interest rates, capping administrative expenses and applying clear, unified disclosure templates for clients.
FRA continues to enforce responsible pricing across all financing entities to ensure a fair and competitive market. By prioritizing compliance, the Authority improves service standards and guarantees robust protection for MSME clients.
Under Presidential Directives, ‘Egypt is With You’ Initiative Launches to Support Minor Children of Martyrs – Thursday 18 December 2025
- Governor of the CBE, FRA Chairman and Chairman of the Martyrs and Victims Honoring Fund witnessed signing of a strategic partnership with Misr Life Insurance. This initiative provides specialized care and support for the families of Martyrs and the injured.
Under the directives of President Abdel Fattah El-Sisi, “Egypt is With You” initiative has been launched to provide essential care for minor children of martyrs, victims and those injured in military, terrorist and security operations – spanning the Armed Forces, Police and civilians. This initiative underscores the State’s unwavering commitment to support these families in recognition of their profound sacrifices for the nation.
Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), Major General El Sayed El Ghaly, Chairman of the Martyrs and Victims Honoring Fund and Dr. Mohamed Farid, FRA Chairman witnessed the signing ceremony of a strategic partnership between the Fund and Misr Life Insurance. The ceremony commenced with a minute of silence to honor the souls of Egypt’s martyrs who sacrificed their lives to safeguard the nation’s security, stability and glorious heritage.
Major General Ahmed Al-Ashaal, Executive Director of the Fund and Mr. Moustafa El Kamash, Executive Managing Director of Misr Life Insurance signed the contract. Senior leadership attended the event from the CBE, FRA, the Martyrs Fund and Misr Life Insurance.
Hassan Abdalla, Governor of the Central Bank of Egypt stated that the initiative fulfills presidential directives to provide comprehensive support to the families of martyrs and the injured, particularly minors. He emphasized that these efforts honor the sacrifices made to ensure the Egyptian people live in peace, security and prosperity.
He added that the CBE and the entire banking sector will spare no effort in bolstering the Fund’s resources to fulfill its noble mission.
Major General El Sayed El Ghaly reaffirmed the unwavering commitment of the political leadership to provide comprehensive care for the families of the nation’s heroes. He expressed his profound appreciation for the Central Bank of Egypt (CBE), FRA and Misr Life Insurance, while also commending the participating banks – specifically the National Bank of Egypt (NBE) and Banque Misr—for their pivotal roles in this initiative.
He further clarified that the initiative’s implementation will commence on January 1, 2026. Payments will be made directly to the beneficiaries upon reaching the age of 21, on a semi-annual basis: those turning 21 by June 30th will receive their disbursement in the first week of July, while those turning 21 by December 31st will receive it in the first week of January. Additionally, the Fund will include any new eligible cases in the initiative immediately upon their enrollment, ensuring they receive the same benefits.
Dr. Mohamed Farid, FRA Chairman, announced that the Authority has waived all commissions and administrative fees for the initiative. He noted that FRA’s role extends beyond regulation to ensure the initiative is managed with the highest standards of efficiency and governance. This oversight aims to maximize returns for minors, safeguarding their financial future and providing the security they deserve.
Mr. Moustafa El Kamash, Executive Managing Director of Misr Life Insurance, expressed his pride in participating in the initiative. He described it as a humble tribute to the children of martyrs, reflecting the company’s deep appreciation for their monumental sacrifices.