Non-bank financing granted by entities supervised by Egypt’s Financial Regulatory Authority (FRA) exceeded the EGP 1 trillion mark for the first time, reaching EGP 1.1 trillion during the first ten months of 2025. The total reflects a 54.6% growth in financing granted between January and October 2025 compared to the same period in 2024.
This also bodes well for Dr. Mohamed Farid, a Board Member at the Central Bank of Egypt, who took over the chairmanship of the FRA in August 2022, as financing activities have grown by 82.5%, rising from EGP 584 billion at the end of 2022 to the current EGP 1.1 trillion.
Movable collateral saw significant growth during the January-October 2025 period, with the value of registered assets in the registry reaching EGP 4 trillion, a year-on-year increase of 39.8%. Financing balances for small, medium, and micro-enterprises (SMEs), on the other hand, rose to EGP 93.8 billion by the end of October 2025, a 27.1% increase compared to the same period in 2024.
The FRA stated that these indicators reflect the resilience and sustainability of non-banking financial growth, as well as the positive role of the regulatory and legislative framework in supporting credit flow, financial inclusion, and economic activity.
Meanwhile, the FRA has completed an update of its “Responsible Pricing Reference Index” for SME and micro-project financing products, based on September 2025 prices. The index, launched by Farid in September 2023, is the first of its kind in Egypt’s financial sector.
The latest statistical data for the index revealed that non-bank financing costs in the North African country remained relatively stable between September 2024 and September 2025, with limited price movements across most financing categories despite current economic variables. The update is intended to allow consumers to compare costs and support rational financing decisions through increased transparency.
“The periodic review of the Responsible Pricing Index for micro, small, and medium enterprise products showed important results in September 2025,” Farid said, adding that the data reflected the flexibility of licensed entities in managing costs and their ability to absorb market changes while directing financing toward low- and medium-risk customers.
“According to the index, individual micro-project financing prices moved within stable ranges during September 2025. Median pricing levels ranged from approximately 30% for low-risk customers to 32% for high-risk customers. Minimum pricing levels remained stable across all risk categories, while market trends showed a concentration of financing entities dealing with medium-risk clients,” reported Daily News Egypt.
Group micro-project financing also showed price stability, as median rates ranged between 31.5% and 33% for low-risk and high-risk customers, respectively. For SME projects, the index showed positive stability compared to other products, with the median price range limited to between 22.4% and 22.7% across various risk categories. Minimum pricing for small and medium businesses remained between 19.5% and 20.6%.