{"id":691594,"date":"2026-04-05T00:00:00","date_gmt":"2026-04-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=691594"},"modified":"2026-04-05T03:46:10","modified_gmt":"2026-04-05T03:46:10","slug":"banks-set-for-acquisition-rush-as-cbe-scraps-40-ownership-cap-for-financial-companies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/05\/banks-set-for-acquisition-rush-as-cbe-scraps-40-ownership-cap-for-financial-companies\/","title":{"rendered":"Banks set for acquisition rush as CBE scraps 40% ownership cap for financial companies"},"content":{"rendered":"

We may soon see a bank-led rush on the country\u2019s finance sector<\/strong>, as the Central Bank of Egypt expands the list of companies in the sector that are exempt from a previous 40% cap on how much equity banks can own, according to a decision reviewed by EnterpriseAM. The decision was taken in light of \u201ccurrent market developments and the emergence of several companies operating in new financial activities.\u201d<\/p>\n

The updated list of financial companies that are now exempt spans several sectors<\/strong>, with securities firms, mortgage companies, securitization companies, factoring and leasing businesses, ins. companies, bureau de changes, money transfer services, payment companies, consumer finance activities, SME financing businesses, and fintechs offering non-bank financial services.<\/p>\n

Why this matters: <\/strong>Letting banks own more than 40% of these companies will really allow them to put their full financial weight and industry know-how behind them, former Blom Bank Egypt deputy managing director Tarek Metwally tells EnterpriseAM. Having the bank\u2019s name alongside fintechs offering new services will also help add credibility and support adoption amid the spread of digital financial services, he added.<\/p>\n

The CBE will by extension see its oversight of these companies increase as banks <\/strong>increase their stakes<\/strong>, which could help limit any potential undermining of market stability, former Industrial Development Bank chairman Maged Fahmy tells us. Because banks are already firmly under the supervision of the central bank, greater bank ownership of fintechs and other financial companies would extend this regulatory umbrella to a wider part of the market, Fahmy added. \u201cWith transactions through fintech companies increasing rapidly, it was necessary to take this step to strengthen the sector and tighten oversight,\u201d he added.<\/p>\n

What\u2019s next? <\/strong>Expect to see a wave of acquisitions by banks targeting fintechs, money transfer companies, and businesses that specialize in lending to SMEs, Metwally tells us. The new rules are also expected to persuade banks to open up new subsidiaries and investment arms to expand in these sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The CBE will by extension see its oversight of these companies increase as banks increase their stakes<\/p>\n","protected":false},"author":1,"featured_media":691595,"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":[7363],"tags":[204,72,183,7128,12607],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-691594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-banking","tag-enterpriseam","tag-fintech","tag-ma-watch","tag-nbfss","wpautop","entry"],"acf":{"mongo_id":"754e6267-92a2-44e2-977e-140626b8564d","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/4\/188.jpg","photo_position":"above","homepage_title":"","full_issue_title":"CBE clears the path for a banking takeover of fintech","related_issue":[691586],"teaser":"The CBE will by extension see its oversight of these companies increase as banks increase their stakes"},"yoast_head":"\nBanks set for acquisition rush as CBE scraps 40% ownership cap for financial companies - 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\/2026\/04\/05\/banks-set-for-acquisition-rush-as-cbe-scraps-40-ownership-cap-for-financial-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks set for acquisition rush as CBE scraps 40% ownership cap for financial companies\" \/>\n<meta property=\"og:description\" content=\"The CBE will by extension see its oversight of these companies increase as banks increase their stakes\" 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The CBE said the measure is designed to force\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571997,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/08\/finmin-allows-consumer-finance-companies-to-deduct-a-larger-portion-of-interest-payments-from-their-tax-bills\/","url_meta":{"origin":691594,"position":3},"title":"FinMin allows consumer finance companies to deduct a larger portion of interest payments from their tax bills","author":"enterpriseam admin","date":"8 June 2020","format":false,"excerpt":"REGULATION WATCH- FinMin allows consumer finance companies to deduct a larger portion of interest payments from their tax bills: Consumer finance companies will no longer be bound by a limit that saw the Tax Authority impose a cap on interest expenses it considers tax-deductible, according to a Finance Ministry decision\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569420,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/","url_meta":{"origin":691594,"position":4},"title":"Central Bank of Egypt amends its initiative to ease debt relief procedures","author":"enterpriseam admin","date":"24 February 2020","format":false,"excerpt":"CBE eases debt repayment terms for financially distressed companies: The Central Bank of Egypt (CBE) will renegotiate debt repayment terms with individual companies seeking help through its initiative to support financially distressed firms, according to an official release (pdf). The CBE is scrapping a condition under the initiative requiring companies\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588709,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/15\/the-countrys-50-top-listed-companies-according-to-forbes\/","url_meta":{"origin":691594,"position":5},"title":"The country\u2019s 50 top listed companies, according to Forbes","author":"enterpriseam admin","date":"15 June 2023","format":false,"excerpt":"The top two firms made Forbes\u2019 MENA-wide list.","rel":"","context":"In "Kudos"","block_context":{"text":"Kudos","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/kudos\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/770.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/691594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=691594"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/691594\/revisions"}],"predecessor-version":[{"id":691636,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/691594\/revisions\/691636"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/691586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/691595"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=691594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=691594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=691594"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=691594"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=691594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}