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Tuesday, 21 September 2021

There was a bunch of news on the non-bank lending front yesterday

A lot of news related to non-bank lending landed yesterday. Here’s a snapshot:

  • The Central Bank of Egypt (CBE) and the Financial Regulatory Authority will collaborate to issue licenses for consumer finance companies, under the terms of an partnership agreement signed by both parties (pdf).
  • EFG Hermes Corp-Solutions will provide Arkan Mall tenants with financing services backed by their KarmSolar contracts, according to a statement (pdf).
  • The FRA is studying the possibility of expanding its ins. offerings to include marine ins. and comprehensive ins. for new vehicles it announced in a statement (pdf).

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