To ensure market financial stability, FRA suspends new licensing for consumer, micro finance companies

Tue, 15 Oct 2024 - 09:51 GMT

In an official statement, the FRA explained that it aims to ensure financial stability within non-banking financial institutions, a critical component for bolstering the national economy and meeting individual needs.

Sarwa capital’s subsidiary obtains first consumer financing license in Egypt

Sun, 26 Apr 2020 - 12:00 GMT

In total, Contact has provided consumer financing, excluding mortgages, of LE 20 billion with an outstanding portfolio of over LE 5.5 billion at the end of 2019.