Egypt’s Financial Regulatory Authority reviewed existing real time reporting requirements at Cairo ICT 2026, where Ahmed Attia, deputy assistant to the chair, explained how they address delays that can enable excessive borrowing. Consumer finance and enterprise financing providers must report financing events immediately to I-Score. Separate requirements connect consumer finance companies’ databases directly to the authority, providing customer and transaction data for supervision.
Egypt’s Financial Regulatory Authority reviewed its shift from daily and monthly reporting to real time financing data in remarks by Ahmed Attia, deputy assistant to the chair, at a Cairo ICT 2026 panel. The previously adopted requirements address reporting delays that allowed customers to obtain financing from several lenders before their credit records were updated, potentially exceeding safe credit limits. Immediate reporting is intended to give lenders and supervisors a current picture of borrowers’ obligations and reduce default risks.
Consumer finance providers and entities financing micro, small and medium enterprises must connect to credit bureau I-Score and report financing approvals, disbursements, repayments and closure as they occur. Reporting also covers legal proceedings concerning financing and subsequent changes in the customer’s status in those proceedings. The decisions, published Sept. 10, 2026, gave providers three months to complete the electronic connection.
A separate decision requires consumer finance companies to establish the infrastructure to connect their databases directly to the authority. They must make customer information available immediately upon financing approval and report purchases of goods and services in real time. The required data also cover classifications of financed goods and services, customers’ repayment performance and companies’ financial solvency. Detailed controls are due within six months of that decision taking effect on Sept. 24, 2026.
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