Egypt’s Central Bank Tightens Oversight of Bank Financing to Non-Bank Lenders

Egypt’s Central Bank has tightened controls governing banks’ dealings with non-bank financing companies, in a move aimed at strengthening credit-market transparency as consumer finance and other non-bank lending activities expand rapidly across the country. According to a Central Bank directive reported by Asharq Business, banks are now required to verify that non-bank financing companies hold […] The post Egypt’s Central Bank Tightens Oversight of Bank Financing to Non-Bank Lenders appeared first on The Middle East Observer.