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FRA discloses non-banking finance volume for Q1 2024 - Dailynewsegypt
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FRA discloses non-banking finance volume for Q1 2024 - Dailynewsegypt
The Financial Regulatory Authority (FRA) has released figures for non-banking finance at the close of the first quarter of 2024. The FRA’s recent report indicates a significant increase in the balances of loans provided by non-banking entities. In March 2024, the total balance of loans for micro, small, and medium enterprises (MSMEs) surged to EGP 62.8bn, a notable rise from EGP 40.9bn in March 2023. Microfinance companies and associations saw t…
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