Entities under the supervision of the Financial Regulatory Authority (FRA) provided financing totaling approximately EGP 200 billion in the second quarter of 2023, as indicated by the performance report released by the FRA on Tuesday.
Leading the way, the financial market took the top spot, with stock issuances valued at around EGP 97 billion in the second quarter.
Financing extended to medium, small, and micro projects amounted to roughly EGP 14 billion during the second quarter, with outstanding financing balances for these projects totaling approximately EGP 45 billion.
In the same period, financial leasing contracts reached about EGP 23.5 billion, while discounted notes amounted to around EGP 11.4 billion.
Consumer financing reached a sum of approximately EGP 10.4 billion, and securitization as well as corporate bond issuances stood at roughly EGP 10.4 billion.
Real estate financing activity ranked at the lowest, with entities supervised by the FRA granting approximately EGP 2.1 billion in real estate financing during this period.
Financial Regulatory Authority (FRA)
