Consumer credit is poised to become the star performer of the forecasted period. The Egyptian Financial Regulatory Authority released a 2022 update, revealing a substantial surge in the customer base, more than doubling between November 2021 and November 2022.
In a strategic move to ensure transparency and foster sustainable industry growth, the Egyptian Financial Regulatory Authority (FRA) has introduced new regulations governing the establishment and licensing process of consumer finance providers. These regulations align with the Non-Banking Financial Markets and Instruments Law No.
The latest wave of consumer financing methods, ranging from Buy Now, Pay Later to digital finance and mobile applications, has revolutionised the assessment of customers' creditworthiness. These innovative approaches allow companies to gauge customers' creditworthiness more effectively than before by studying their buying behaviour and reviewing their CBE I-Score.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Egypt with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Egypt, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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