Federation of Egyptian Banks explores ways to expand financial inclusion, banking access

The Financial Inclusion Committee of the Federation of Egyptian Banks (FEB) has discussed ways to strengthen financial inclusion and expand access to financial and banking services, with the participation of representatives from the Central Bank of Egypt (CBE), the FEB, several banks, and companies and platforms operating in financial empowerment. The meeting explored ways to support the banking sector’s efforts to raise awareness of financial inclusion and address the challenges facing banks in this area. Discussions focused on strengthening communication with the CBE, reviewing banks’ proposals and challenges, and exploring innovative solutions to improve access to financial services across different segments of society, particularly low-income and unbanked individuals.

The meeting formed part of the committee’s role as a platform for communication and consultation among financial inclusion managers at banks. It aims to facilitate the exchange of expertise and experiences, coordinate efforts, and develop initiatives to expand the number of people benefiting from financial services. The committee also supports the implementation of relevant national events and initiatives. The meeting was attended by Khaled Bassiouny, General Manager of Financial Inclusion at the CBE, and Amr Youssef El-Qalash, General Manager of the FEB. Mohamed Tharwat, Chairperson of the FEB’s Financial Inclusion Committee and Head of Retail Banking and Financial Inclusion at Banque du Caire, said the committee was keen to strengthen cooperation with partners capable of supporting financial inclusion efforts and facilitating the exchange of ideas and expertise among relevant stakeholders. Tharwat explained that the idea of holding the meeting had first been proposed approximately a year ago. He…