Leasing finances, which involves purchasing in instalments, is common in Egypt for various activities.

This includes buying electronics, furniture, cars, fashion items, real estate, medical services, and travel tickets and paying educational fees.

The increase in the value of leasing finances is attributed to higher product prices alongside elevated inflation levels in Egypt.

Egypt's annual headline inflation reached 25 percent in November 2024, while the annual core inflation rate recorded 23.7 percent.

Moreover, the FRA revealed that the total financing provided by entities under its supervision, which encompasses capital market activities and non-banking financial services, reached EGP 718 billion in the first 10 months of 2024.

This financing was distributed as follows: EGP 397.4 billion from stock issuances, EGP 31.5 billion from securities issuances excluding stocks, and EGP 88.4 billion from financial leasing contracts. 

Furthermore, EGP 76.7 billion was granted to micro, small, and medium enterprises (MSMEs) — EGP 55.8 billion from factoring operations and EGP 20.9 billion from real estate financing.

According to the Central Bank of Egypt, microfinance portfolios in the banking and non-banking sectors experienced exceptional growth. They increased by over 1,350 percent from December 2016 to June 2024, reaching EGP 93.2 billion, up from EGP 6.4 billion.

The FRA also reported significant activity in the Movable Collateral Registry, with asset-backed declarations totalling EGP 2.86 trillion by the end of October 2024. 

Additionally, outstanding financing for MSMEs reached EGP 73.7 billion, reflecting the FRA’s commitment to financial inclusion and supporting small businesses.

The insurance sector performed well during the same period, with total premiums collected amounting to EGP 77.1 billion.

This included EGP 42.9 billion from property and liability insurance and EGP 34.2 billion from life and savings insurance. 

Insurance claims paid during the first 10 months of 2024 totalled EGP 35.6 billion, with EGP 16.9 billion spent on property and liability claims and EGP 18.7 billion on life and savings claims.

Meanwhile, investments from private insurance funds contributed EGP 22.3 billion, further supporting the sector’s role in driving economic growth.