1 Day
Source:
بوابة الفجر
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FRA Chairman Meets Microfinance Chief
The meeting highlighted the collaboration between the Chairman of the Egyptian Financial Regulatory Authority and the Tunisian official to discuss the development and regulation of the non-banking finance sector, particularly micro and nano-finance, and to exchange expertise between the two countries in legislative and regulatory matters. Egypt emphasized that the total financing balances for small and medium-sized projects exceeded 101 billion Egyptian pounds in the second quarter of 2026, benefiting approximately 3.5 million citizens through around 4,400 licensed entities, with a focus on improving the quality of the beneficiary experience and reducing default risks. The Tunisian side also reviewed the development of microfinance activities since 1999, which now serve over 856,000 clients with loans exceeding 2.7 billion Tunisian dinars in 2025. Both countries are committed to developing financial products and advancing digital transformation efforts to enhance sector efficiency and protection.
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