Egypt leasing finances record EGP 47.4 mln in 1st 10 months of 2024: FRA

Leasing finances, which involves purchasing in instalments, is common in Egypt for various activities.

This includes buying electronics, furniture, cars, fashion items, real estate, medical services, and travel tickets and paying educational fees.

The increase in the value of leasing finances is attributed to higher product prices alongside elevated inflation levels in Egypt.

Egypt's annual headline inflation reached 25 percent in November 2024, while the annual core inflation rate recorded 23.7 percent.

Moreover, the FRA revealed that the total financing provided by entities under its supervision, which encompasses capital market activities and non-banking financial services, reached EGP 718 billion in the first 10 months of 2024.