Cairo, December 23, 2024

Bank NXT, a leading provider of integrated retail and corporate solutions in Egypt, announced today its participation in the International Day of People with Disabilities under the supervision of the Central Bank of Egypt (CBE). This initiative, running from 1-15 December, aligns with the nationwide strategy to bolster financial inclusion and the presidential initiative “Bedaya”. Bank NXT’s participation in this initiative aims to expand accessibility to banking services for people with disabilities and promote innovative financial solutions tailored to their needs.

As part of this initiative, Bank NXT participated in activities at the Horreya Sports Club for People with Disabilities in Port Said, attended by CBE representatives from the financial inclusion department and the Ministry of Youth and Sports. Bank NXT donated wheelchairs to the club members as part of the initiative. 
Bank NXT also successfully organized awareness sessions at October University for Modern Sciences & Arts (MSA), emphasizing the importance of financial services tailored banking products for youth.

Bank NXT offered a range of products and services during these initiatives. This includes free savings accounts with no fees or minimum balance requirements for customers aged 15 and above. The bank also offered complimentary issuances of Meeza prepaid cards and debit cards. Financial literacy workshops were additionally available to the youth.

Heba El-Saeed, Head of Financial Inclusion at Bank NXT, commented, “At Bank NXT, we are committed to driving financial inclusion for people with disabilities. Recognizing the importance of creating accessible and inclusive banking solutions, we have taken significant steps to enhance our infrastructure, upgrade our services, and, most importantly, empower our teams through specialized sign language training. By fostering an environment where innovation and inclusivity go hand in hand, we aim to remove barriers, deliver tailored financial solutions, and set new standards for accessibility in the banking sector.”
Bank NXT has fully equipped all new branches to serve customers with disabilities. This commitment aligns with its ongoing efforts to promote financial inclusivity and accessibility for all. Currently, 10% of the bank’s existing branches have already been successfully equipped to serve its customers. Furthermore, Bank NXT has installed 60 ATMs across the country that have been equipped to accommodate individuals with mobility impairments. The bank has successfully implemented inclusive banking solutions, including Braille-enabled debit and prepaid cards, instructional videos with large, clear text, and account opening and banking brochures in Braille.

Bank NXT remains steadfast in its commitment to advancing financial inclusion by empowering all its customers. This dedication aligns with the national strategy to promote equality and foster an inclusive society, ensuring that all segments of the population have access to essential financial services and opportunities.

-ENDS-

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, 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%)
The Bank offers banking services for individuals through its wide spectrum of retail banking products in addition to its corporate banking services for businesses and institutions through providing loan syndication services to companies and institutions looking to finance large national projects that support the economy and the Bank. 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 34 branches nationwide. It is constantly working on expanding its geographical presence by opening new branches, with 2 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.

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 leading financial institution that boasts a remarkable 40-year legacy of success in eight 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 an extensive array of 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 small and microfinance player, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, PayTabs Egypt, a digital payment platform, as well as Bedaya for mortgage finance and Kaf for insurance as well as Fatura, a technology-backed B2B marketplace. Furthermore, the company delivers commercial banking solutions through Bank NXT, a leading provider of integrated retail and corporate products in Egypt.

Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Pakistan | Kenya | Nigeria |

Learn more about us at www.efghldg.com

For further information, please contact:

May El Gammal 
Group Chief Marketing & Communications Officer of EFG Holding
melgammal@efghldg.com

Omar Salama
Senior Communications Manager of EFG Holding
osalama@efghldg.com

The EFG Holding Public Relations Team
PublicRelations@efghldg.com