The concept of “green” banking and sustainability in the finance and banking industry is growing at a fast rate, with both local and global banks operating in Egypt working hard to introduce new and innovative ways to incorporate “green” and sustainable efforts. Indeed, the Central Bank of Egypt initially started this journey in 2019 and, by the start of 2023, the new list of binding regulations was released to include sustainable finance policies into banks’ credit and investment policies, through the relevant departments, along with committing banks to annual sustainability reports and to consulting environmental experts to further enhance their scoring.
Buy Now, Pay Later (BNPL) continues to cultivate its presence in Egypt. Prior to BNPL, the majority of Egyptian consumers depended on informal credit, mostly relying on merchants granting the service, or product with consumers writing “promise cheques” and “guarantee notes” as the higher percentage of Egyptians were unbanked.
Fintech Egypt, an initiative by the Central Bank of Egypt, focussing on innovation and strategy, launched a digital academy aimed at upskilling the workforce in the banking, financial, and fintech sectors. This initiative aligns with the broader objective of enhancing financial inclusion efforts, generating employment opportunities, and advancing the financial sector.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Egypt with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Egypt, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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