About BANK NXT

WHO WE ARE

aiBANK is now 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, which was later increased to EGP 1,987 million in 2020. Moreover, as per the decisions of the general assembly held on the 10th of October in 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:

• EFG Holding S.A.E – (51%)
• Egypt’s Financial Services and Digital Transformation Sub-Fund – (25%)
• National Investment Bank – (24%)

STORY BEHIND THE BRAND

At Bank NXT, we are driving change by blending a fresh, optimized outlook with the rich long-held heritage of aiBANK. With an ambitious strategy, Bank NXT reflects the Bank’s new identity of growth, through culture-driven, client-focused, and sustainable offerings.  

Bank NXT is Egypt’s boutique bank of choice, serving individuals, business owners, and institutions to reimagine what it means to bank. We’re committed to helping our clients reach the next level by offering them convenient, innovative financial solutions with quick turnaround times and distinctive quality.

With evolved operational leadership and versatile bespoke products, Bank NXT is set to lead the way towards growing Retail and SME sectors, which play a crucial role in Egypt's overall economic and social development. The Bank also provides loan syndication services to companies and institutions looking to finance large national projects supporting the economy. The Bank constantly supports the growth journey of small and medium enterprises (SMEs), offering a wide array of banking services and quick access to finance, particularly for small businesses. The bank has successfully fulfilled the CBE SME mandates to reach more than 25% of the total loans and facilities portfolio catering to these businesses where more than 10% are dedicated to small businesses only. At Bank NXT, we are targeting becoming one of the top ten banks in Egypt in terms of Return on Equity (ROE). The Bank also offers Islamic banking services, overseen by a Sharia-compliant body that ensures the Bank remains in line with all criteria under Islamic banking.  

Bank NXT offers its services to its clients through 34 branches nationwide. The Bank is constantly working on expanding its client base by inaugurating new branches and ATMs to ensure covering all key locations and widening its reach. It is committed to meeting its clients' evolving needs by providing unique and competitive services, investing in its tech systems, and prioritizing human capital to improve the overall level of its banking services.

MISSION, VISION, VALUES & GOAL

MISSION

At Bank NXT, we are the change-makers who are committed to constantly exploring, looking at needs, and creating value for our clients, people, and shareholders. We drive change that transforms communities and the economy through seamless, speedy, distinctive quality, and tailored solutions for individuals, entrepreneurs, and businesses.

VISION

To become the boutique bank of choice for individuals looking to transform their lives, entrepreneurs disrupting their markets, and businesses leading the way, to drive sustainable, meaningful change for communities, industries, and the local economic landscape.

OUR VALUES

At Bank NXT, we believe in a set of noble values that guide us in all our daily actions. Our values stem from a long-held heritage of deep-rooted traditions and are defined by the modern, fresh outlook that embodies our new brand.   

Our values in a nutshell:

• ACCOUNTABILITY
• INTEGRITY
• BELONGING
• AGILITY
• DISTINCTIVE QUALITY
• PARTNERSHIP

Our values in detail:

• ACCOUNTABILITY: At Bank NXT, we believe no amount of regulation could compensate for the lack of accountability. We’ve built our foundations on the ethos of responsibility and competence from front-line staff to product marketers, risk officers to leadership – to ensure our clients receive the highest possible quality and service level in the industry.
• INTEGRITY: An unwavering commitment to operating with integrity is the thread that holds together the fabric of the bank. We hold ourselves to the highest standards of transparency and ethics as part of our commitment to bank responsibly for the people and businesses who put their trust in us.
• BELONGING: As a bank, the importance of belonging to a wider socioeconomic system is in our DNA. But at Bank NXT, our sense of belonging runs even deeper. We’re committed to driving change in the industry as a homegrown bank of the future. That means our people feel a sense of belonging to a greater purpose for good, our clients feel a sense of belonging when they bank with us, and our strategy is rooted in a mission to make capital work for all.
• AGILITY: Agility speaks to everything we do. We not only understand the unique needs of our clients, but we move quickly to meet them. Our deep bench of industry expertise combined with a young and dynamic culture allows us to pivot, adapt, and deliver on our promises with ease and agility.
• DISTINCTIVE QUALITY: Bank NXT is committed to delivering excellence in everything it does. From developing products for clients that work for them to delivering services that speak directly to the needs of our clients – we make banking work for everyone.
• PARTNERSHIP: As an institution founded on a partnership between TSFE and EFG Holding, our business model hinges on making connections and working together. Those beginnings have become a pillar of our strategy to act as true partners with our clients, unlock opportunities through synergies within the bank and beyond, and allow them to bank with the ease of knowing that with us, we’ll always find them a way.

GOAL

To become among the top 10 banks in Egypt in terms of Return on Equity (ROE) & Return on Assets (ROA) recognized by convenience, speed, and quality, while keeping people at the heart of Bank NXT.