The Financial Regulatory Authority (FRA) has granted non-banking financial institutions an additional six-month grace period to comply with regulations governing debt collection activities, extending the deadline to January 22nd, 2027.

Egypt’s Financial Regulatory Authority (FRA) has approved nine companies to operate in non-banking financial activities, in a move aimed at broadening access to financial services and supporting market stability and investment attractiveness.

The Financial Regulatory Authority’s (FRA) board has updated the regulations governing mergers and acquisitions (M&As) for firms operating within the non-bank financial sector.

The non-banking financial sector is a fast-growing and promising market in Egypt. However, the sector has been dealing with great pressure recently after the multiple increases in interest rates. Overall, while the non-banking financial sector in Egypt faces challenges, it is also growing and showing promise. That is why Arab Finance interviewed Ahmed El Kholy, Managing Director at Easy Lease, one of the growing successes in the non-banking financial sector. He discussed the company’s tailored services, future plans, and financial achievements.

The Financial Regulatory Authority (FRA) has given a grace period of three months for the non-bank financial companies (NBFCs) under establishment to increase their issued and paid-up capital to at least EGP 75 million or their equivalent in foreign currencies.