CAIRO - 5 January 2025: The Financial Regulatory Authority (FRA) announced that total financing from entities under its supervision reached LE 718 billion during the first ten months of 2024. This financing, encompassing both capital market activities and non-banking financial services, included LE 397.4 billion from share issuances and LE 31.5 billion from securities other than shares.
Financial leasing contracts contributed LE 88.4 billion, while LE 76.7 billion was directed toward micro, small, and medium enterprises (MSMEs). Consumer financing totaled LE 47.4 billion, factoring operations amounted to LE 55.8 billion, and real estate financing reached LE 20.9 billion.
The FRA also highlighted significant activity in the Movable Collateral Registry, which recorded asset-backed declarations worth LE 2.86 trillion by October 2024. Additionally, outstanding financing for MSMEs stood at LE 73.7 billion, underscoring the FRA's commitment to financial inclusion and supporting small businesses.
The insurance sector demonstrated impressive performance during January–October 2024, with total collected premiums amounting to LE 77.1 billion.
This included LE 42.9 billion from property and liability insurance and LE 34.2 billion from life and savings insurance. Insurance payouts during the same period reached LE 35.6 billion, with LE 16.9 billion for property and liability claims and LE 18.7 billion for life and savings claims. Investments by private insurance funds added LE 22.3 billion, further strengthening the sector’s contribution to economic growth.
These figures reflect the FRA's effective oversight and the resilience of Egypt’s financial and insurance sectors, highlighting their critical role in driving sustainable economic development and investment.
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