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بوابة الشروق
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Financial Authority: Violators Will Be Deregistered
The head of the Financial Regulatory Authority explained that the consumer financing sector in Egypt remains a vital economic sector, with total financing reaching 72 billion Egyptian pounds in the first half of 2026. This represents a growth of more than 88% compared to the first half of 2025, which amounted to 92 billion pounds. He emphasized that the regulations governing financing companies, including procedures for identity verification and data confirmation, remain strict and enforce rigorous measures against violators, to ensure transparency and protect customers. He also mentioned that consumer financing activity is one of the main drivers of the Egyptian economy, and the momentum of growth is driven by citizens' need to purchase essential goods and services, especially in the education and healthcare sectors.
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