The Egyptian Financial Regulatory Authority (FRA) has given the green light to four banks for trading in government securities and financial instruments on the secondary market. This decision is part of a broader initiative to enhance market efficiency and promote financial inclusion. The banks approved include Abu Dhabi Commercial Bank, the United Bank, the Arab International Bank (AIB), and Emirates NBD, as reported by the FRA’s Registration and Licensing Committee under Decision No. 3060 of 2023.
This strategic approval aligns with ongoing efforts by the FRA to regulate non-banking financial markets and ensure the stability and integrity of transactions, particularly in government debt instruments. The inclusion of these banks, which are not part of the primary dealer system, marks a pivotal step in expanding access to non-banking financial services and encouraging broader market participation.
According to FRA Chairman Mohamed Omran, “This initiative is crucial for enhancing the resilience of our financial markets. By expanding our registry to include more players, we’re fostering a more inclusive and competitive environment that benefits the entire economy.” This sentiment is echoed in a report by the International Monetary Fund (IMF), which highlights the importance of diversified financial markets in driving economic growth and stability.
Under Decision No. 232 of 2024, the FRA has established a dedicated registry for non-primary dealer banks authorized to trade in the secondary market. This registry includes all qualified entities—from licensed banks and brokerage firms to companies managing investment funds and portfolios. The initiative is expected to facilitate greater transparency and confidence in Egypt’s financial markets.
Furthermore, the FRA Chairman’s Decision No. 394 of 2025 has extended the grace period for institutions to regularize their status, providing additional time for compliance with regulatory requirements. This extension reflects the FRA’s commitment to ensuring a smooth transition for new market players and maintaining market stability.
As the FRA continues to refine its regulatory framework, the Egyptian financial market stands to gain from increased diversity and competition. With these changes, Egypt aims to attract more investment into its burgeoning financial sector, ultimately contributing to the nation’s economic resilience and growth.
