The Financial Regulatory Authority (FRA) has actually launched its newest reports covering the duration of July to September 2023, exposing that the overall funding given through entities under its policy totaled up to EGP 192.2 bn, a boost of 15.3% compared to the very same duration in 2022.
The FRA controls the capital market activities and non-banking monetary activities in Egypt, consisting of stock issuances, securitization, business bonds, renting, funding for medium, little, and micro tasks, customer funding, marked down securities, property funding, movable security windows registry, insurance coverage, and personal insurance coverage funds.
According to the reports, the worth of stock issuances was EGP 92.7 bn, representing 48.2% of the overall funding. The worth of issuances (securitization and business bonds) was EGP 28bn, representing 14.6% of the overall funding. The worth of renting agreements was EGP 27bn, representing 14% of the overall funding.
The worth of funding given to medium, little, and micro jobs was EGP 20bn, representing 10.4% of the overall funding. The worth of customer funding was EGP 12.1 bn, representing 6.3% of the overall funding. The worth of reduced securities was EGP 10bn, representing 5.2% of the overall funding. The worth of realty funding was EGP 2.4 bn, representing 1.2% of the overall funding.
The reports likewise revealed that the worth of ads on movable properties taped in the movable security computer registry for the 3rd quarter of 2023 was EGP 2.4 trn, a boost of 18.5% compared to the very same duration in 2022.
The worth of balances for medium, little, and micro-enterprises funding for the 3rd quarter of 2023 was EGP 49.6 bn, a boost of 12.7% compared to the very same duration in 2022.
The overall insurance coverage premiums gathered for the 3rd quarter of 2023 was EGP 19.2 bn, a boost of 9.1% compared to the exact same duration in 2022. This quantity was divided in between home and liability insurance coverage activities (EGP 9.9 bn) and individual insurance coverage and fund development activities (EGP 9.2 bn).
The insurance coverage sector likewise paid an overall worth of payment of EGP 8.8 bn in the exact same duration. Home and liability insurance coverage payments represented EGP 5bn, while individual insurance coverage and fund development payments totaled up to EGP 3.8 bn.
Home and liability insurance coverage secures possessions from dangers such as fire or theft, covering homes, vehicles, storage facilities, items, and other possessions. Individual insurance coverage and fund development consist of life insurance coverage, survivor benefit, mishap insurance coverage, and different other kinds of insurance coverage.
The financial investments of personal insurance coverage funds for the 3rd quarter of 2023 was EGP 6.4 bn, a boost of 6.7% compared to the exact same duration in 2022.
The FRA specified that the reports show the favorable efficiency of the entities under its guideline and their contribution to financial advancement and monetary addition in Egypt. The FRA likewise verified its dedication to improving the regulative and supervisory structure for the non-banking monetary sector and supporting its development and development.