Egypt’s Consumer Finance Boom sparks a Regulatory Debate

Hisham Ezz Al-Arab, Chief Executive Officer of Commercial International Bank (CIB), has warned that the rapid expansion of Egypt’s non-banking financial sector could create future risks for the broader economy if growth continues without sufficiently strict credit controls and risk-management standards. Speaking during a televised interview on MBC Egypt’s “El Hekaya” programme, Ezz Al-Arab stressed […] The post Egypt’s Consumer Finance Boom sparks a Regulatory Debate appeared first on The Middle East Observer.