Financial Inclusion in Egypt Soars 214% in 9 Years, Says Central Bank

Financial inclusion in Egypt experienced an unprecedented surge, with a remarkable 214% growth recorded between 2016 and June 2025, according to new data released by the Central Bank of Egypt (CBE). 

This significant progress highlights the success of nationwide efforts to integrate more citizens into the formal financial system, allowing them to access a broader range of financial services tailored to meet their evolving needs.

The Central Bank attributes this leap to a comprehensive and data-driven strategy that focuses on expanding access to financial services, increasing usage, and improving the overall quality of those services. The CBE’s Financial Inclusion Strategy (2022/25) is grounded in scientific principles and international best practices, and it aims to make financial services more accessible and inclusive for all segments of the population, particularly those in underserved or rural areas.

By emphasizing the development of diverse financial products, raising awareness around financial literacy, and reinforcing a regulatory environment that supports consumer protection and financial innovation, the strategy seeks to build a secure and efficient financial ecosystem. 

The Central Bank has also been actively working to modernize the country’s financial infrastructure and promote digital financial solutions to ensure that every citizen has the opportunity to participate in the economic system.

Experts believe that this growth in financial inclusion goes beyond access to bank accounts or mobile wallets. It represents a transformative shift in the country's economic landscape, empowering individuals and small businesses to save, invest, and grow. Increased participation in the financial system is expected to drive entrepreneurship, reduce poverty, and support broader goals under Egypt’s Vision 2030.

A senior official from the Central Bank emphasized that financial inclusion is a cornerstone of sustainable development, noting that integrating more citizens into the formal economy helps unlock potential at every level of society.