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The Middle East Observer [Unofficial] @meobserver.org.web.brid.gy
May 20
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…

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