The Egyptian Financial Regulatory Authority has updated its benchmark index for responsible pricing of micro, small and medium enterprise (MSME) financing products, publishing September 2025 pricing data. The update points to limited movement in non-bank financing costs between September 2024 and September 2025, with relatively stable pricing across most products and continued emphasis by licensed providers on lending to low- and medium-risk customers. For individual microfinance, median pricing ranged from about 30% for low-risk clients to about 32% for high-risk clients. Group microfinance medians ranged from about 31.5% to about 33%, with risk-based pricing spreads described as contained. For small and medium enterprise finance, median pricing was tightly clustered between about 22.4% and 22.7% across risk categories, while minimum pricing remained around 19.5% to 20.6%. Compliance with the benchmark’s pricing standards was reported at 81% for SME finance providers, 64.4% for individual microfinance providers and 64.3% for group microfinance providers; the Authority also reported MSME and microfinance funding of EGP 85.9 billion in January to October 2025, up 11.9% year on year, and outstanding balances of EGP 93.8 billion at end-October 2025, up 27.1%. The benchmark update was positioned as part of the operationalisation of the Authority’s responsible pricing rules, including use of a fixed interest rate, caps on administrative fees and standardised customer disclosure models. The Authority indicated it will continue monitoring compliance across supervised financing entities and publishing updated benchmark data on its website.

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