Islam Azzam, chairperson of the Financial Regulatory Authority (FRA), met representatives of the Egyptian Mortgage Federation and mortgage finance companies to strengthen non-banking financial activities. Azzam emphasized continuing participatory dialogue to develop the sector and expand financial inclusion. The meeting addressed proposals to amend regulations amid operational and financing challenges.
Islam Azzam, chairperson of the Financial Regulatory Authority (FRA), held a meeting with representatives of the Egyptian Mortgage Federation and sector companies as part of ongoing engagement with non-banking financial activities. Azzam stated that this participatory approach would continue to develop the sector, increase its GDP contribution, and enhance professional efficiency.
Companies presented proposals to amend regulatory frameworks, highlighting operational and financing challenges and ways to boost liquidity through securitisation for better integration with other activities. According to FRA data, mortgage finance companies extended about EGP 2.9bn by end-January 2026, with 45% from real estate developers' portfolios.
Representatives praised current regulations for market stability but called for flexibility in loan-to-value ratios, debt burden limits, and repayment terms to expand access. FRA officials confirmed plans to review regulations, issue financing circulars, develop training on electronic systems, and regulate real estate valuation electronically.
The meeting reaffirmed FRA's commitment to FRA Board Resolution No. 45 of 2026 on licensing, anti-money laundering compliance, and providing technical workshops to improve capabilities.