Pioneering Financial Inclusion: The Role of NBFIs in Shaping Egypt’s Economy

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.

Updated 12/9/2024 8:49:00 AM

GlobalCorp raises paid-in capital by EGP 800M

GlobalCorp Group, a prominent Egyptian non-banking financial services provider, has raised its paid-in capital by EGP 800 million to EGP 1.4 billion from EGP 600 million.

Updated 11/12/2024 10:32:00 AM