Total of EGP 6.9bn in investments made to insurance funds in first 8 months of 2020
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Mortgage Finance Fund did not provide any funds during April, says FRA
Solvency standards set minimum capital adequacy to meet credit. operating risks at consumer finance companies
The request was put forward by the coronavirus crisis management team to ensure the sector can continue functioning given the current circumstances.
Amendments to executive regulations allow for greater funding opportunities for SMEs, says Omran
Mortgage finance, financial leasing, and factoring companies have postponed credit dues for their clients for a period of six months. Clients in these sectors have also been exempted from delaying fines.
The FRA source told Daily News Egypt (DNE) that the FRA was not officially notified by any company of the updates yet.
Securitisation bond issuances reach 18 of about EGP 22bn last year
MFF’s share of total mortgage financing reached at EGP 136.1m in 3Q of 2019, says FRA
Stakes in four companies to be offered on EGX before 31 March 2020, including Banque du Caire
Centre aims to raise awareness of sustainable development and promote a green economy culture within financial sector: Omran
This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.
“Divorced woman to be paid insurance benefits immediately after divorce,” says deputy chairperson of FRA
Funding increased by EGP 4.04bn in a year, clients up 14.1%
Broker Care obtained the operating license from the FRA on 7 July, appointing Abu Hagar as chairperson.
Egyptian market moving toward competing with its counterparts in world’s money markets: Shoukry
The company demanded a compensation of EGP 20m for damages suffered as a result of the defamation of the company’s reputation within the stock market.
The report pointed out the acquisition by investors according to monthly income segments (up to EGP 2,500) of 58% of the value of mortgage finance during Q1, while the share of those with monthly income (more than EGP 3,500) was about 22%.
Proposed amendments include offering shares for borrowing through MCDR
Activities worth EGP 70bn to experience first legislative framework ever
FRA chairperson praised vital role played by stakeholders operating in micro finance
Value of investments in private insurance funds reaches EGP 70 bn during last year
Only companies licensed by FRA, with capital of EGP 10m or more can operate
Company’s assets increase by 19% for last 3 years, after distributing $10m of dividends in 2017
Microbusiness financing inched up 10% in Q3
African stock exchanges scored just 6 places in the latest competitiveness report