Cairo – Mubasher: EFG Holding has completed a capital increase at Bank NXT, executed at par value with full participation from all shareholders, according to a press release.
The total capital increase amounted to EGP 4.20 billion, to which EFG Holding contributed EGP 2.14 billion.
Following the transaction, EFG Holding will maintain its 51% stake, preserving majority ownership. This will bring the bank’s book value to an expected EGP 15.40 billion by year-end 2025.
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 move reflects EFG Holding’s 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.
Karim Awad, Group CEO of EFG Holding, commented: “EFG Holding’s participation further reinforces our commitment to supporting the bank’s strategic growth plans and our portfolio companies.”
He added: “Already at a Stage 3 coverage of 192.90%, this capital increase will position the bank strongly for its next phase of growth. 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 hiked by 26% to EGP 41 billion in the first half (H1) of 2025, compared with EGP 32.50 billion at year-end 2024.
The profit increased to EGP 1.10 billion at the end of June 2025 from EGP 901.60 million in H1-24.
