The Central Bank of Egypt published updated financial inclusion indicators showing that, by end-2024, 74.8% of eligible citizens (aged 15 and above) used active transaction accounts, equivalent to around 52 million people across banks, Egypt Post, mobile wallets and prepaid cards. The reported rate compares with approximately 70.7% at end-2023 and reflects a 204% increase over 2016–2024, despite growth in the eligible population following the Central Bank of Egypt’s circular lowering the minimum age to open bank accounts from 16 to 15. Women using transaction accounts totalled 23.3 million out of 33.9 million, with women’s financial inclusion at 68.8% and growth of 295% versus 2016. Youth financial inclusion (aged 15–35) rose to 53.1% among 39.4 million youth, a 65% increase over 2020–2024. The central bank also linked account-opening simplifications using only national IDs to nearly 1 million financial inclusion accounts for individuals and 400,000 “Economic Activity Accounts” opened over 2022–2024.
Central Bank of Egypt 2025-02-25
Central Bank of Egypt reports financial inclusion rising to 74.8% with 52 million citizens using active transaction accounts
By end-2024, 74.8% of eligible Egyptians used active transaction accounts, up from 70.7% at end-2023 and a 204% rise since 2016. Women's financial inclusion reached 68.8%, with 23.3 million women using accounts, while youth inclusion rose to 53.1%. Simplified account-opening processes led to nearly 1 million new financial inclusion accounts and 400,000 "Economic Activity Accounts" between 2022 and 2024.