Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Non-banking financing reaches EGP 718bn in 10M 2024
Published in Daily News Egypt on 05 - 01 - 2025

Recent data from the Financial Regulatory Authority (FRA) reveals that non-banking financing activities in Egypt have reached EGP 718bn in the first 10 months of 2024. This figure encompasses financing provided through entities under FRA supervision, including capital market activities and other non-banking financial services.
According to the FRA's latest report, the value of stock issuances stood at EGP 397.4bn, while issuances of other securities, excluding stocks, totaled EGP 31.5bn. Leasing contracts contributed EGP 88.4bn, while financing for small and medium-sized enterprises (SMEs) and micro-projects amounted to EGP 76.7bn. Consumer financing reached EGP 47.4bn, discounted papers totaled EGP 55.8bn, and mortgage financing stood at EGP 20.9bn.
The FRA report also highlights the value of registrations for movable assets in the movable guarantees registry, which reached EGP 2.86 trillion by the end of October 2024. The balance of financing for SMEs during this period was reported at EGP 73.7bn.
In the insurance sector, premiums collected from January to October 2024 amounted to EGP 77.1bn. Property and liability insurance accounted for EGP 42.9bn, while life and investment insurance premiums totaled EGP 34.2bn. The sector also paid out EGP 35.6bn in claims, with property and liability insurance claims totaling EGP 16.9bn and life and investment insurance claims reaching EGP 18.7bn.
The insurance industry also saw EGP 22.3bn in investments in private insurance funds. These figures reflect the robust performance of Egypt's non-banking financial sector, which continues to play a crucial role in supporting economic growth and development.


Clic here to read the story from its source.