FRA seeks playing bigger role in non-banking financial activities: Omran

CAIRO - 10 December 2019: Head of the Financial Regulatory Authority Mohamed Omran said Tuesday the authority seeks to play a bigger role in the Egyptian economy in the coming period through non-banking financial authorities.

Addressing the 2nd day of the authority's celebration marking its 10th anniversary, Omran said the authority seeks to provide necessary funding for economic expansion and ongoing national projects through its financial tools in various activities, referring to the capital market, the bourse, insurance, real estate funding and others.

He expressed satisfaction over the development in non-banking activities, noting the noticeable rise in the value of issued securities to exceed LE 1 trillion.