REG - EFG Holding S.A.E. - BANK NXT Capital Increase

EFG Holding SAEAnnouncement

03/11/2025 10:30

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RNS Number : 8865F  EFG Holding S.A.E.  03 November 2025

EFG Holding Announces the Successful Completion of an EGP 4.2 Billion Capital
Increase at Bank NXT with Full Shareholder Participation and Strong Operating
Momentum

 

Cairo, November 3, 2025

 

EFG Holding today announced the successful completion of a capital increase at
Bank NXT, executed at par value with full participation from all shareholders.
The total capital increase amounted to EGP 4.2 billion, to which EFG Holding
contributed EGP 2.143 billion. EFG Holding will maintain its 51% stake
following the capital increase, preserving majority ownership.

 

This strategic capital injection underscores EFG Holding's continued
confidence in Bank NXT's strong fundamentals and long-term growth trajectory.
The fresh capital will reinforce Bank NXT's balance sheet and support its
management's vision in the execution of its growth plans with greater
financial flexibility. This step reflects EFG Holding's ongoing support for
Bank NXT's sustained growth and financial strength and aligns with the Group's
broader strategy to enhance value creation across its diverse lines of
business.

 

Commenting on the transaction, Karim Awad, Group CEO of EFG Holding, said:
"EFG Holding's participation further reinforces our commitment to supporting
the bank's strategic growth plans and our portfolio companies. This step not
only cements Bank NXT's positioning within the Group's long-term strategy but
should also continue to fuel future growth in the Group's overall
profitability."

 

Bank NXT, acquired by EFG Holding in 2021 when it operated under the name
aiBANK, has delivered strong operating performance across key metrics in 2025.
Total loans to customers advanced approximately 26% in the first six months to
EGP 41.0 billion by the end of June 2025, compared with EGP 32.5 billion at
year-end 2024. The Bank's customer base also jumped 22% to reach around 106
thousand customers by the end of June 2025, up from approximately 86 thousand
at year-end 2024, while customer deposits climbed 12% in the same period to
EGP 76.2 billion, up from EGP 68.0 billion at year-end 2024. Finally, net
profit increased to EGP 1.1 billion in the first half of 2025, compared to EGP
901.6 million in the same period of 2024, representing a growth of 24%.

 

EFG Holding noted that Bank NXT's expanding scale and profitability continue
to contribute meaningfully to the Group's track record of sustained growth,
value creation, and strategic leadership across its portfolio.

 

-ENDS-

 

 

 

 

 

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.

 

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

 

Learn more about us at www.efghldg.com (http://www.efghldg.com/)

 

For further information, please contact:

 

May El Gammal

Group Chief Marketing & Communications Officer of EFG Holding

melgammal@efghldg.com (mailto:melgammal@efghldg.com)

 

Omar Salama

Associate Director of Communications of EFG Holding

osalama@efghldg.com (mailto:osalama@efghldg.com)

 

The EFG Holding Public Relations Team

PublicRelations@efghldg.com (mailto:PublicRelations@efghldg.com)

 

Note on Forward-Looking Statements

In this press release, EFG Holding may make forward-looking statements,
including, for example, statements about management's expectations, strategic
objectives, growth opportunities, and business prospects. These
forward-looking statements are not historical facts but instead represent only
EFG Holding's belief regarding future events, many of which, by their nature,
are inherently uncertain and are beyond management's control and include,
among others, financial market volatility; actions and initiatives taken by
current and potential competitors; general economic conditions and the effect
of current, pending, and future legislation, regulations and regulatory
actions. Accordingly, the readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date on which they are
made.

 

 

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