Over the past several years, positive reforms were instituted in the financial sector, increasing the influence of the Central Bank of Egypt (CBE) and consolidating the banking sector through a variety of methods ranging from mergers to privatizations. CBE has created a more efficient banking system by raising capital reserve regulations, encouraging mergers and acquisitions, developing its regulatory and supervisory tools and addressing the legacy of non-performing loans.

The sector witnessed higher growth of non-bank financial products including mortgage finance, financial leasing, fixed-income products, factoring and insurance.

Financial Regulatory Authority (FRA) is the public authority responsible for supervising and regulating non-banking financial markets and instruments, including the Capital Market, the Sock Exchange, all activities related to Insurance Services, Mortgage Finance, Financial Leasing, Factoring and Securitization. FRA regulates the market and ensures its stability and competitiveness to attract more local and foreign investments, in addition to limiting inconsistency risks and addressing problems arising from applying different supervisory rules.

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