Bank NXT Announces Successful EGP 4.2 Billion Capital Increase with Full Shareholder Participation

Table of Contents

Cairo, 3 NOV 2025:

Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced the closing of subscriptions to its capital increase at par value per share on 30 October 2025, with full participation from all shareholders in line with their respective ownership stakes.

The capital increase amounted to EGP 4.2 billion, bringing the bank’s issued and paid-in capital to EGP 9.9 billion, distributed as follows: 51% held by EFG Holding, 25% by Egypt’s Financial Services and Digital Transformation Sub-Fund, and 24% by National Investment Bank. This underscores shareholders’ continued confidence in the bank’s capabilities and long-term growth prospects. This capital strengthening will further enhance the bank’s financial position, enabling it to execute its expansion plans and capitalize on promising opportunities in the banking market.

It is worth noting that on 17 August 2025, the Board of Directors approved a cash increase to the bank’s authorized and paid-in capital, in accordance with the authorities granted to the Board to increase the authorized capital within the limits of the registered capital, through issuing new shares to existing shareholders at par value and in proportion to their current shareholdings.

Accordingly, the subscription window opened on 1 October 2025 and remained open for 30 days, closing on 30 October 2025, following the full subscription by all shareholders in accordance with their respective ownership stakes. The increase will be registered with the bank’s commercial registry upon receiving the Central Bank of Egypt’s approval.

Leadership Statements

Commenting on this milestone, Tarek Kabil, Chairman of Bank NXT, stated:

“Shareholders’ participation in this capital increase is a strong vote of confidence in the bank’s strategy. Our shareholders see that we have a clear vision, and that this capital increase serves as a powerful catalyst to continue innovating and delivering an exceptional banking experience that meets our clients’ expectations and supports the state’s digital transformation and financial inclusion agenda.”

He added that the bank has a well-defined plan to expand its business scope, invest in new markets, and strengthen its competitive edge.

“Our mission goes beyond providing distinguished banking services; we are also committed to offering integrated solutions to our customers,” he noted.

Kabil concluded by expressing his appreciation for the trust shareholders have placed in the bank, reinforcing its position as a leading financial institution capable of maintaining a sustainable balance between growth and returns.

Tamer Seif, CEO and Managing Director of Bank NXT, said:

“This capital increase is a vote of trust from shareholders and a direct result of the ongoing development achieved over the past four years by our team, who spared no effort to deliver rapid progress. This step reflects Bank NXT’s commitment, as a regulated financial institution under the Central Bank of Egypt, to pursue its expansion strategy by enhancing its capital base to support growth across various sectors.”

He added that the increase aims to strengthen the bank’s capacity to finance large-scale projects, as well as SMEs and individuals, while expanding its business portfolio in financing and digital services, and reinforcing its position as one of the key banks operating in the Egyptian market. All of this is aligned with the bank’s vision for digital transformation, financial inclusion, and sustainable growth, in line with Egypt’s Vision 2030.

Market Position

Bank NXT continues its solid trajectory toward strengthening its position among the country’s leading financial institutions, backed by strong performance and well-planned strategies that keep pace with evolving market dynamics. The bank reiterates its constant commitment to enhancing operational efficiency and delivering added value to both shareholders and clients, ensuring the sustainability of its success in the years ahead.

About Bank NXT

Bank NXT (formerly known as aiBANK) was established in 1974 as an investment and business bank and commenced its activities under the supervision of the Central Bank of Egypt in 1978 with a capital base of USD 40 million.

The bank has witnessed continuous capital growth, reaching EGP 1.987 billion in 2020. Moreover, as per the decisions of the general assembly held on October 10, 2021, and after the completion of the Bank’s acquisition deal, the Bank received approval to increase its paid-up capital to EGP 5,000,000,003 and adjusted its ownership structure accordingly to accommodate both new and existing investors, as per the following:

1. EFG Holding S.A.E – 51%

2. Egypt’s Financial Services and Digital Transformation Sub-Fund – 25%

3. National Investment Bank – 24%

Additionally, based on the General Assembly decision dated March 24, 2024, a further capital increase was approved, bringing the total to EGP 5,400,000,006.

The Bank offers banking services for individuals through its broad spectrum of retail banking products, as well as corporate banking services for businesses and institutions, including loan syndication for companies and institutions seeking to finance large national projects that support the Bank and the economy, The Bank is keen on supporting the growth of small and medium enterprises, which play a crucial role in Egypt’s overall economic and social development, as well as providing investment and treasury services.

The Bank offers its services to its customers through its 36 branches nationwide. It is constantly working on expanding its geographical presence by opening new branches, with two new branches set to open this month. In addition, the bank is expanding its ATM network to ensure that it covers all key locations. The Bank is also committed to satisfying its customers by providing unique and competitive services and investing in its tech systems and human capital to improve the overall level of its banking services.

Learn more about us at www.banknxteg.com

For further information, please contact:
Reham Abbas
Head of Public Relations and Corporate Communications of Bank NXT
rabbas@banknxteg.com

About EFG Holding

EFG Holding (EGX: HRHO.CA – LSE: EFGD) is a financial institution that boasts a legacy of more than 40 years of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes.

EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt.

Learn more about us at www.efghldg.com.

In this context, on the other hand, there are many related sector news items that you can follow. For example, we highlight the most important ones in the following list:

• EFG Holding Announces the Successful Completion of an EGP 4.2 Billion Capital Increase at Bank NXT with Full Shareholder
• Bank NXT Launches ‘Private’ Segment to Provide Exclusive Banking and Non-Banking Services for High-Net-Worth Clients