The Financial Regulatory Authority has approved the registration of Egy Serv and Egyptian International in the Register of Debt Collection Companies. These are the first two firms registered under the new framework for non-bank financial activities.
The Financial Regulatory Authority approved the registration of Egy Serv and Egyptian International under Board Resolution No. 278 of 2025. This resolution established the register and gave companies a six-month grace period ending on 22 July to comply.
Islam Azzam, Chairperson of the Financial Regulatory Authority, stated that the register marks an important step towards enhancing efficiency and organisation in the non-bank financial market. He added that the framework strengthens trust and raises governance standards.
Registered firms must maintain minimum capital of EGP 10m and shareholders’ equity of EGP 20m. They are required to submit semi-annual reports and follow strict rules on data confidentiality and payment methods. The FRA will review applications within 30 days.