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.
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.
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.
