Magazine date:
Jul 2010 The Egyptian Financial Supervisory Authorities ( EFSA) are setting up a development plan for the promotion of micro-finance and life insurance in the three months to come. Bahaa El-Din, EFSA's chairman, has pointed out that one of the objectives is to encourage Egyptians to open bank accounts and to get insured via their banks. Bancassurance is hardly known in Egypt. Only 10% of the population have bank accounts and less than 2% hold a life insurance policy.