{"id":22777791,"date":"2026-05-12T17:07:12","date_gmt":"2026-05-12T14:07:12","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d9%81%d9%8a-%d8%a7%d8%ac%d8%aa%d9%85%d8%a7%d8%b9%d9%87-%d9%85%d8%b9-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%aa%d8%a3%d8%ac%d9%8a%d8%b1-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84%d9%8a-%d9%88\/"},"modified":"2026-05-14T11:45:45","modified_gmt":"2026-05-14T08:45:45","slug":"%d9%81%d9%8a-%d8%a7%d8%ac%d8%aa%d9%85%d8%a7%d8%b9%d9%87-%d9%85%d8%b9-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%aa%d8%a3%d8%ac%d9%8a%d8%b1-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84%d9%8a-%d9%88","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d9%81%d9%8a-%d8%a7%d8%ac%d8%aa%d9%85%d8%a7%d8%b9%d9%87-%d9%85%d8%b9-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%aa%d8%a3%d8%ac%d9%8a%d8%b1-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84%d9%8a-%d9%88\/","title":{"rendered":"FRA Chairman to Leasing and Factoring Firms: New Integrated Digital Platform to Link All Non-Banking Financial Sectors \u2013 Tuesday 12 May 2026"},"content":{"rendered":"<p><strong>Islam Azzam:<\/strong><\/p>\n<ul>\n<li><span style=\"color: #800000;\">FRA is identifying unconventional integration strategies and designing incentives to accelerate growth within green economy.<\/span><\/li>\n<li><span style=\"color: #800000;\">FRA schedules upcoming awareness sessions on Basel III standards and welcomes industry proposals for regulatory development.<\/span><\/li>\n<\/ul>\n<p>Dr. Islam Azzam, FRA Chairman reaffirmed his commitment to the rapid deployment of an advanced and integrated electronic system. This system aims to link FRA with all regulated sectors and market participants, providing real-time, reliable data and regulatory updates. The platform is designed to empower the Authority and market stakeholders with advanced AI-driven data analytics and will feature a dedicated chatbot to streamline licensing, registration procedures, and institutions inquiries.<\/p>\n<p><img class=\"alignnone size-medium wp-image-22740522 alignleft\" src=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669023-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" srcset=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669023-300x169.jpg 300w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669023-1024x575.jpg 1024w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669023-768x432.jpg 768w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669023-1536x863.jpg 1536w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669023.jpg 1600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>This announcement came during an extensive meeting held by the Chairman with Leasing and Factoring Federations, alongside representatives from over 80 companies. The session was attended by Mr. Walid Anwar, Assistant Chairman for Non-Banking Finance, and Mr. Hamdy\u00a0 Badawy, Assistant Chairman for Anti-Money Laundering and Counter-Terrorism Financing. The gathering is part of a series of dialogues organized by FRA to engage with various sectors, consult stakeholder, and address practical challenges arising from the implementation of new legislative and regulatory frameworks.<\/p>\n<p>Dr. Azzam underscored the leasing sector\u2019s robust performance, noting a 21.7% increase in contract volume compared to 2024. Total contract value surged by 51% to reach EGP 180 billion. The real estate segment &#8211; including both units and land &#8211; remained the primary driver, accounting for nearly 80% of the sector&#8217;s total value for the year.<\/p>\n<p><img class=\"alignnone size-medium wp-image-22740520 alignright\" src=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669022-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" srcset=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669022-300x169.jpg 300w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669022-1024x577.jpg 1024w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669022-768x432.jpg 768w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669022-1536x865.jpg 1536w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669022.jpg 1600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>FRA Chairman also highlighted a significant surge in factoring indicators for 2025. Outstanding portfolios rose by 57% over the previous year, while the client base &#8211; specifically assignors &#8211; expanded by nearly 30%. Furthermore, the total value of factored receivables reached 77.3%, surpassing EGP 132 billion.<\/p>\n<p>Emphasizing the importance of collaboration, Dr. Azzam urged the Leasing and Factoring Federations to intensify joint efforts with the Authority to revitalize sectoral performance. He confirmed that FRA\u2019s specialized departments remain ready to address inquiries and complaints around the clock through the direct communication channels established in recent years.<\/p>\n<p><img class=\"alignnone size-medium wp-image-22740524 alignleft\" src=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669024-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" srcset=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669024-300x169.jpg 300w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669024-1024x577.jpg 1024w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669024-768x432.jpg 768w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669024-1536x865.jpg 1536w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000669024.jpg 1600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Furthermore, FRA Chairman revealed that the Authority is currently studying non-traditional solutions and innovative strategies to ensure seamless integration between the sectors under its supervision including capital markets, insurance, and various financing activities. The goal is to support high-need sectors and mitigate potential risks, while simultaneously exploring new incentives specifically tailored for green economy.<\/p>\n<p>In closing, Dr. Islam Azzam called on companies\u2019 representatives to accelerate the adoption of &#8220;Basel III&#8221; solvency standards. He emphasized that these standards represent global best practices for the supervision of non-banking financial activities, bolstering risk management and ensuring the integrity of financial positions.<\/p>\n<p>He reaffirmed that FRA will host specialized workshops and awareness seminars to address challenges encountered during the practical implementation of &#8216;Basel III&#8217; solvency standards, ahead of their mandatory adoption on January 1, 2027.<\/p>\n<p>He emphasized that community dialogue remains a top priority, noting that FRA is open to discuss substantive proposals for regulatory amendments in response to economic shifts and practical implementation challenges. This approach includes seeking input from key stakeholders before issuing new frameworks to\u00a0 bolster market integrity and maximize investor confidence<\/p>\n<p>For his part, Mr. Walid Anwar, Assistant Chairman for Non-Banking Finance, stressed the importance of digital documentation for data and operations. He noted that such measures bolster operational efficiency and service delivery while sharpening the accuracy of inspections to protect the market from irregular practices. He further highlighted the recently launched electronic system for factoring, which &#8211; in its first phase- enables digital inquiries into invoices to verify prior funding status, in accordance with Board Resolution No. 51 of 2026.<\/p>\n<p>Meanwhile, Mr. Hamdy Badawy, Assistant Chairman for Anti-Money Laundering and Counter-Terrorism Financing (AML\/CFT), underscored the necessity for all leasing and factoring firms to adhere strictly to AML\/CFT regulations. He stated that the cornerstone of these efforts is information sharing, identifying potential criminal patterns, and maintaining up-to-date data. He urged all sectors to expedite the implementation of Board resolutions in this regard, particularly Resolution No. 161 of 2024, which applies to Egyptian exchanges, financial institutions, and licensed practitioners within the non-banking financial sector.<\/p>\n","protected":false},"author":7,"featured_media":22740518,"parent":0,"template":"","format":"standard","categories":[142,144],"tags":[3704,3791,3910,4904,4905,4906],"fra_news_taxonomy":[2137,2138],"news_paper_taxonomy":[],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/22777791"}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/7"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/22740518"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=22777791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=22777791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=22777791"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=22777791"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=22777791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}