The Egypt Financial Regulatory Authority has amended parts of the framework governing the registration, transfer and closure of branches of non-bank finance companies. The changes tighten the conditions for opening branches by companies that have faced court judgments, requests to initiate criminal proceedings or administrative measures, while also adding explicit compliance expectations on regulatory filings and remediation of supervisory findings. At the same time, the update gives firms more flexibility in how they supervise branch networks across regional areas. Companies seeking to register branches must have executed any relevant judgment, settled the underlying violation or removed the causes of any administrative measures, and then wait three months before applying. Where the cause of an administrative measure cannot be removed, the waiting period must be at least three months and no more than three years, depending on the seriousness of the violation as assessed by the authority. Branch registration also requires timely submission of regulatory reports and annual and periodic financial statements, as well as completion of examination and compliance observations. On branch supervision, firms may assign the risk officer and credit officer to oversee up to four regional areas, while keeping the same supervisory and technical responsibilities. Each regional area may comprise five finance branches, subject to concentration risk and portfolio risk considerations. The amendment modifies the broader branch framework introduced earlier in 2026 for non-bank finance companies, including marketing, mobile and seasonal branches. That earlier framework gave companies six months to regularize their positions, with the stated deadline ending on 25 August.
Egypt Financial Regulatory Authority2026-06-25
Egypt Financial Regulatory Authority amends non-bank finance branch rules with stricter eligibility conditions and broader regional oversight allowances
The Egypt Financial Regulatory Authority has revised branch rules for non-bank finance companies, tightening branch registration conditions for firms with legal or supervisory issues and requiring timely regulatory reporting and remediation of compliance findings. It also allows risk and credit officers to supervise up to four regional areas, with each area covering five finance branches. The broader 2026 branch framework remains subject to a regularization deadline ending on 25 August.