Sigma Capital

12-11-2024

Financial inclusion rate in Egypt exceeds 70%:Deputy Governor of the CBE

Source: MIST

Al Mal-


Tarek El-Khouly, Deputy Governor of the Central Bank of Egypt (CBE)for Banking Stability, said that the financial inclusion rate in Egypt in 2017 reached 33%, of which women accounted for 19%, while the inclusion rate at the end of last July reached 71.5%, of which women accounted for 63.4%.

He added during the People and Banks Conference, sponsored by the Central Bank of Egypt, entitled "Towards Sustainable Economic Growth", we encourage and develop to build more capabilities in sustainable development, characterized by high competencies in the field of sustainable financing, and we set percentages for industries that create a clean environment and allocate part of it in our investment portfolios.

He continued that most banks have created financial tools such as green bonds, and products for marginalized groups to achieve financial inclusion, and he stressed that the Central Bank has joined many international institutions in sustainable financing, and there are international reports presented to banks in this regard.