التمويل المستدام

At Bank NXT, sustainable finance embodies the integration of ESG criteria into our financing activities, laying the foundation for a strategy that achieves both financial returns and positive social impacts. This approach ensures that our investments yield financial rewards and contribute meaningfully to the well-being of our environment and communities. Through this dual-focus lens, Bank NXT is committed to leading the way in sustainable development, aligning financial success with the urgent need for environmental stewardship and social responsibility.

We prohibit investment in activities with negative environmental or social impacts:

• Production or trade of radioactive materials (does not apply to the purchase of medical, quality control, or measurement equipment)
• Genetic engineering
• Companies practicing forced labor or child labor
• Activities or materials deemed illegal under host country laws, regulations, or international conventions
• Cross-border trade of harmful waste
• Racist or anti-democratic content
• Production or trade of weapons and munitions
• Production or trade in gambling casinos
• Production or trade of alcoholic beverages

The eligible Activities in the ESMS are aligned with the latest CBE guidelines:

Green:

• Clean and Renewable Energy
• Energy Efficiency
• Sustainable Infrastructure
• Sustainable Construction
• Waste Management and Recycling
• Sustainable Water and Wastewater Management
• Sustainable Transportation
• Eco-Friendly and Green Products
• Climate Change Adaptation
• Climate Smart Agriculture
• Pollution Prevention and Control

Social

• Healthcare
• Education
• Digital Services and Telecommunication
• Infrastructure
• Handicrafts

Green Products

In alignment with CBE initiatives, Bank NXT has launched the following loans in 2023:

Electric Car Loans in April

The electric car loan, with a total value of EGP 4,341,000, is similar to the auto loan (same criteria), although we now encourage applicants by waiving the admin fee. The main purpose of this loan is to encourage customers to adopt electric/battery alternatives to fossil fuels to reduce energy usage and emissions.

Solar Power Loans in November

The solar panel loan was introduced to customers under the same personal loan criteria, that is, according to their individual capacities and status: self-employed, salaried, or installment transfer. The main purpose of this loan is to encourage customers to use solar power instead of direct electricity to reduce energy usage and emissions.