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Tarek Metwally: Consumer finance aids amid inflation
The article addressed the importance of consumer finance in the lives of citizens and the Egyptian economy, especially amid rising inflation rates and declining purchasing power. Banking expert Tarek Metwally explained that consumer finance has become an essential part of society's life, with its activity reaching 96 billion Egyptian pounds through 48 companies. It is considered crucial for meeting the challenges of fulfilling increasing demand amid sluggish activity in large banks. He also emphasized that the expansion of financial inclusion from 22% to 76% over ten years has contributed to raising financial awareness. Furthermore, the continued activity in consumer finance supports market sustainability and helps prevent recession, highlighting that this sector plays a significant role in facilitating individuals' lives and boosting economic growth in Egypt.
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