The FRA continues to develop policies, issue regulations, and create frameworks to ensure the stability of non-banking financial markets and institutions while fostering market growth and protecting all participants’ rights.
According to a recent report from the FRA, loan balances allocated to MSMEs rose to EGP 66.8 billion by the end of July 2024, an increase from EGP 46.143 billion at the same time last year.
He mentioned that there were 12 trading operations in the market, with approximately 4,500 voluntary carbon certificates in circulation and 18,375 carbon certificates registered in the authority's database.
Additionally, FRA launched the first partnership between an insurance company and a telecommunications company to market and distribute insurance products.
The MoU entails a mutual commitment between the two parties to focus on expanding climate practices and sustainable financing in Egypt's non-banking financial sector through strategic collaboration.
