{"id":600969,"date":"2019-02-14T04:04:38","date_gmt":"2019-02-14T04:04:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/fra-sets-a-minimum-quota-for-sme-leasing-and-insurance\/"},"modified":"2019-02-14T04:04:38","modified_gmt":"2019-02-14T04:04:38","slug":"fra-sets-a-minimum-quota-for-sme-leasing-and-insurance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/fra-sets-a-minimum-quota-for-sme-leasing-and-insurance\/","title":{"rendered":"FRA sets a minimum quota for SME leasing and insurance"},"content":{"rendered":"<p>Microinsurance and financial leasing firms will be required to create designated accounts of a minimum EGP 10 mn to support small businesses, the Financial Regulatory Authority (FRA) head Mohamed Omran <a href=\"http:\/\/www.fra.gov.eg\/content\/efsa_ar\/efsa_news\/efsa_744.htm\">said in a statement<\/a>. No more details were provided on the move, which comes amid government efforts to push for <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/\">greater financial inclusion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Microinsurance and financial leasing firms will be required to create designated accounts of a minimum EGP 10 mn to support small businesses, the Financial Regulatory Authority (FRA) head Mohamed Omran said in a statement. No more details were provided on the move, which comes amid government efforts to push for greater financial inclusion.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72,76,242,343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600969","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-financial-regulatory-authority","tag-leasing","tag-regulation","wpautop","entry"],"acf":{"mongo_id":"60f223bc-ce43-40e1-abae-c6fe9661cb85","is_powered_by":true,"section_story_id":"da5458c4-a373-4568-bd1b-bc1b6f3914b5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600935],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FRA sets a minimum quota for SME leasing and insurance - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/fra-sets-a-minimum-quota-for-sme-leasing-and-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA sets a minimum quota for SME leasing and insurance\" \/>\n<meta property=\"og:description\" content=\"Microinsurance and financial leasing firms will be required to create designated accounts of a minimum EGP 10 mn to support small businesses, the Financial Regulatory Authority (FRA) head Mohamed Omran said in a statement. No more details were provided on the move, which comes amid government efforts to push for greater financial inclusion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/fra-sets-a-minimum-quota-for-sme-leasing-and-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-14T04:04:38+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/fra-sets-a-minimum-quota-for-sme-leasing-and-insurance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/fra-sets-a-minimum-quota-for-sme-leasing-and-insurance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA sets a minimum quota for SME leasing and insurance\",\"datePublished\":\"2019-02-14T04:04:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/fra-sets-a-minimum-quota-for-sme-leasing-and-insurance\/\"},\"wordCount\":62,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"leasing\",\"regulation\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/fra-sets-a-minimum-quota-for-sme-leasing-and-insurance\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/fra-sets-a-minimum-quota-for-sme-leasing-and-insurance\/\",\"name\":\"FRA sets a minimum quota for SME leasing and insurance - 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Beltone will hold a 98% stake in the two companies. The company will disclose the value of the two new arms once\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574886,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/","url_meta":{"origin":600969,"position":1},"title":"GB Auto\u2019s Drive gets FRA nod for consumer finance license","author":"enterpriseam admin","date":"24 September 2020","format":false,"excerpt":"GB Auto\u2019s car finance arm Drive has received preliminary approval from the Financial Regulatory Authority for a full consumer financing license, according to an emailed press release (pdf). The license will allow Drive to offer consumer finance services beyond the core car finance business for which it is known. GB\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570502,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/02\/medaf-financial-leasing-granted-license-to-begin-operations-in-egypt\/","url_meta":{"origin":600969,"position":2},"title":"MEDAF Financial Leasing granted license to begin operations in Egypt","author":"enterpriseam admin","date":"2 April 2020","format":false,"excerpt":"The Financial Regulatory Authority has granted MEDAF Financial Leasing, the subsidiary of investment holding group MEDAF Investments, a financial leasing license, the company\u2019s chair told the local press. The company\u2019s activity is likely to be delayed by covid-19 and will probably start in 2Q2020.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564172,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/","url_meta":{"origin":600969,"position":3},"title":"And Egypt\u2019s first microleasing license goes to...","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"Tasaheel acquires Egypt\u2019s first microleasing license: Micro lender Tasaheel was today granted the first license for microfinance leasing in the Egyptian market by the Financial Regulatory Authority (FRA), a source at the regulator told Enterprise today. 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