Egypt’s FRA launches updated digital registry to expand access to collateral financing
Egypt’s Financial Regulatory Authority (FRA) on Thursday launched an upgraded electronic system for the Egyptian Movable Collateral Registry, aiming to deepen financial inclusion and reduce the cost and time of securing financing.
The launch ceremony was attended by Minister of Investment Mohamed Farid, FRA Deputy Chairman Mohamed El-Sayyad, and senior officials from the Egyptian Exchange (EGX), and the Central Bank of Egypt (CBE).
The updated registry allows individuals and businesses to use movable assets as collateral for loans, expanding access to formal financing while protecting the rights of all parties through a reliable digital disclosure system.
“The modernisation broadens the registry’s scope, cuts operational burdens, and improves credit and registration efficiency,” Farid said. “It enables individuals to leverage their movable assets, supporting financial inclusion and access to funding for investment activities.”
FRA’s El-Sayyad described the launch as a cornerstone of Egypt’s efforts to improve the business environment and enhance access to financing, particularly for small and medium-sized enterprises. He emphasised that the system operates around the clock, offering transparency and efficiency through advanced digital infrastructure.
According to the FRA, the upgrade will reduce financing costs, shorten collateral verification times, lower credit risks, and improve data quality, while expanding the registry’s user base. The cumulative value of registered collateral has reached 4.5 trillion Egyptian pounds, marking unprecedented growth since the registry’s inception.
Ibrahim Sarhan, Chairman of e-Finance, highlighted the collaborative effort between the FRA, Ministry of Investment, Ministry of Finance, and the CBE, and noted the integration of Egypt’s electronic invoicing system to support factoring. The initiative leverages advanced technological infrastructure to further financial inclusion across the country.
Attribution: Amwal Al Ghad English