The Egypt Financial Regulatory Authority has approved the registration of Egi Serv and Egyptian International in its new register for companies that collect receivables on behalf of firms and entities active in non-bank financial activities. They are the first two companies admitted to the register, which was created under Board Decision No. 278 of 2025 to bring receivables collection under a defined regulatory and supervisory framework. Once the six-month regularization period ends on July 22, companies and entities in non-bank financial activities will be barred from using any collection company that is not registered. The regime sets entry, conduct and operating conditions for collection firms. Applicants must be commercial companies whose purposes include receivables collection, with issued and paid-up capital of at least EGP 10 million or the foreign currency equivalent and equity of at least EGP 20 million. Where the minimum equity threshold is not met, a firm may still qualify if it has carried out the activity for at least three years before applying, provided equity is not below paid-up capital. Registration lasts three years and is renewable. Registered firms may only collect receivables and may not conduct financing activities. They must follow integrity and professional standards, keep client data confidential, submit half-yearly reports to the authority, and use approved non-cash payment methods or cheques payable to the creditor rather than routing collections through their own accounts. The framework also places obligations on non-bank financial firms that use collection agents. They must inform clients of the contracted collection company, the means to verify collectors' identities and official communication channels, and they must monitor complaints and take corrective action. The authority may impose administrative measures on registered companies for breaches, including warnings, temporary suspension or final removal from the register.
Egypt Financial Regulatory Authority2026-06-22
Egypt Financial Regulatory Authority registers first two receivables collection firms under new non-bank finance regime ahead of July 22 cutoff
The Egypt Financial Regulatory Authority has registered Egi Serv and Egyptian International as the first two receivables collection companies under a new regime for non-bank financial activities. After July 22, firms in those activities may not use unregistered collectors. The framework sets capital and equity thresholds, limits registered firms to collection work, requires non-cash collection methods and reporting, and allows sanctions up to deregistration.