The Financial Regulatory Authority (FRA) has issued new solvency standards for companies and entities operating in non-banking financing activities, aligning them for the first time with the international Basel III framework, as per a statement.

The Financial Regulatory Authority (FRA) licensed four companies to operate within non-banking financial business and investment fund activities.

The Financial Regulatory Authority (FRA) granted its approval for five companies to use fintech tools in the non-banking financial sector, according to a statement.

Financing provided by non-banking financial activities in Egypt totaled EGP 118.5 billion by the end of February.

The non-banking financial sector in Egypt is experiencing a transformative phase, emerging as a crucial component of the country's economic landscape. Non-banking financial institutions (NBFIs) encompass diverse entities, including leasing and factoring companies and microfinance providers. Beyond mere financial intermediation, NBFIs are pivotal in fostering economic resilience and inclusivity. They play a vital role in mobilizing savings and facilitating investments without the need for traditional banking licenses. Despite challenges, the future for NBFIs in Egypt appears promising, driven by favorable demographic trends and ongoing economic reforms to enhance the business environment.

Egypt's non-banking financial sector recorded a total financing of EGP 646.6 billion during the first nine months of 2024.

The Financial Regulatory Authority (FRA) has launched its first regulatory laboratory for the non-banking financial sector, designed to foster innovation among emerging companies offering smart digital solutions.

The Financial Regulatory Authority (FRA) has issued a circular outlining new controls for the transfer of credit portfolios from non-banking financing entities to other licensed financing entities, banks, securitization companies, or investment funds.

The Financial Regulatory Authority (FRA) has issued circular No. 7 of 2024 outlining new regulations governing the securitization of financial rights arising from non-banking financing activities and other sectors

The total financing granted by entities under the supervision of the Financial Regulatory Authority (FRA), including capital market and non-banking financing activities, has reached EGP 243 billion in the second quarter (Q2) of 2024.

The Financial Regulatory Authority (FRA) has received requests from more than 10 fintech startups willing to engage in non-banking finance activities.