The Financial Regulatory Authority (FRA) has officially unveiled the enhanced version of the Egyptian Collateral Registry(ECR) during a press conference attended by senior government and financial sector leaders. The event was led by Dr. Mohamed Farid, Egypt’s Minister of Investment and Foreign Trade and former Chairman of the FRA, along with Mr. Mohamed El-Sayyad, Vice Chairman of the Authority, Dr. Islam Azzam, Chairman of the Egyptian Exchange (EGX), Mr. Tarek El-Khouly, Deputy Governor of the Central Bank of Egypt, former Minister of Planning Dr. Ashraf El-Araby, and Dr. Mohamed Abdelaziz, FRA Assistant Chairman and supervisor of the Egyptian Collateral Registry.Dr. Farid explained that the upgraded platform is designed to broaden its applications, reduce operational burdens, and improve the overall efficiency of disclosure and credit processes. He emphasized that the update now allows individuals to register movable assets for the first time, enabling them to leverage their possessions as collateral for financing through a secure and transparent digital system.The Egyptian Collateral Registry serves as a centralized electronic platform for recording, amending, and discharging security interests over movable assets. This modernization offers lenders and borrowers a reliable digital ecosystem that supports greater utilization of movable collateral across Egypt’s financing landscape.Dr. Farid highlighted that the development relied on advanced technology and the expertise of FRA’s internal teams, introducing structural enhancements across the non-bank financial sector. He affirmed the continued coordination between the Ministry of Investment, FRA, EGX, and other stakeholders to strengthen Egypt’s business environment.Vice Chairman Mohamed El-Sayyad noted that the upgraded system marks a major step toward improving the business climate and expanding financing opportunities. He emphasized the FRA’s recent efforts to build strong and integrated databases, enabling faster and more informed regulatory decision-making. These foundations paved the way for broader digital transformation and, ultimately, the launch of the upgraded Registry.Dr. Mohamed Abdelaziz stated that the new system aims to better serve the non-bank financial sector by empowering banks, financial institutions, companies, and individuals to use movable assets as collateral more easily. He explained that the modernization helps reduce financing costs, shorten verification times, lower credit risks, improve data quality, and support proactive, data-driven supervision. He also noted that the cumulative value of registered collateral has reached approximately EGP 4.5 trillion.Ibrahim Sarhan, Chairman and CEO of eFinance Investment Group, expressed appreciation for the strong cooperation with the Ministry of Investment. He stated that the upgrade was the result of joint efforts between FRA, the Ministry of Investment, the Ministry of Finance, and the Central Bank of Egypt. He added that the development included integration with the Egyptian Tax Authority to leverage the electronic invoicing system for factoring activities. He also highlighted three major joint projects carried out with FRA, all focused on maximizing the use of the digital infrastructure established in cooperation with the Central Bank and the Ministry of Finance, supporting Egypt’s broader financial inclusion agenda.

Under the umbrella of the National Alliance for Civil Development Work and with the support of the Ministry of Social Solidarity, eFinance Investment Group has partnered with Sonaa El Kheir Foundation to participate in the “Al Manfaz – Kol Youm Hekaya – Ramadan 2026” initiative.This participation reflects the Group’s ongoing commitment to social responsibility and its mission to support vulnerable families across Egypt during the holy month of Ramadan.The initiative aims to deliver essential food support to eligible households through the distribution of 250,000 food boxes across all governorates.

In alignment with its commitment to social responsibility and sustainable development, EFIG strengthened its impact in Aswan through a community level handover ceremony celebrating the completion of 15 fully renovated homes in El Shorouk Village, Kom Ombo. The initiative comes under the “Al Amal Villages” program implemented by Sonaa El Kheir Foundation, part of the National Alliance for Civil Development Work, which works to provide vulnerable families with safe and healthy housing while protecting them from risks posed by floods and severe weather.The ceremony was attended by Major General Dr. Ismail Mohamed Kamal, Governor of Aswan; Ambassador Nabila Makram, Head of the Technical Secretariat of the National Alliance; Dr. Mostafa Zemzem, Chairman of Sonaa El Kheir Foundation; Hany Abdel Fattah, CEO of the Foundation; and Yasmine Rashed, Head of Marketing, Strategic Communications, and CSR at EFIG.