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Egypt's Central Bank Issues New Rules for Banks Partnering with Finance Companies

The Central Bank of Egypt has just released new guidelines for how banks should work with finance companies in Egypt. This move comes as there's been a lot of talk and debate about how quickly non-banking financial services are growing and the credit assessment standards being used in the sector.

AI Asim Ibrahim Updated 0 min read
Egypt's Central Bank Issues New Rules for Banks Partnering with Finance Companies

The Central Bank of Egypt (CBE) has tightened the rules governing how banks deal with finance companies in Egypt. This move comes amidst growing debate about the expansion of non-banking financial activities and the credit assessment standards used in the sector, according to three informed sources who spoke to Asharq Business on condition of anonymity.

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