Microfinance
Microfinance firm Reefy has received final approval from Egypt's Financial Regulatory Authority for its third securitisation bond issuance under the second programme, valued at EGP 1.064 billion in favour of the Egyptian Securitisation Company. This move supports the company's strategy to use innovative financing tools for better liquidity management and growth amid economic challenges.
Iniulat ng AI
Ang Securities and Exchange Commission (SEC) ay nagmumungkahi na bawasan ang effective interest-rate (EIR) ceiling mula 15% hanggang 10% bawat buwan para sa hindi nakosecurong maliliit na utang, na maaaring mas mataas batay sa konsultasyon. Ito ay naglalayong pigilan ang predatory pricing at hidden fees, ngunit pinupuna ng industriya na maaaring magdulot ito ng pagkontrata sa credit supply. Ang draft circular ay nagpapalawak ng saklaw sa utang hanggang P20,000 at termino hanggang anim na buwan.