Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, has announced the signing of a cooperation protocol with Tomorrow Solar, a company specializing in solar energy, to finance the establishment of solar power stations for the bank’s residential sector customers. This partnership aligns with the bank’s commitment to supporting the transition to renewable energy and promoting environmental sustainability, which is in line with Egypt’s Vision 2030 and the Sustainable Development Goals.

As part of this collaboration, Bank NXT offers financing covering up to 100% of solar panels and installation costs. The program features competitive interest rates, full exemption from administrative fees, and flexible repayment plans of up to 7 years (84 months). It also features fast approvals, simplified procedures, and reduced documentation requirements, facilitating a seamless transition to clean energy for customers.

The signing of this protocol aligns with Egypt’s Vision 2030, which aims to increase reliance on clean energy sources to generate 42% of total electricity by 2035. This cooperation reflects Bank NXT’s commitment to supporting the green economy by facilitating investment in renewable energy, reducing carbon emissions, and contributing to Egypt’s sustainability goals.

The protocol signing event was attended by Sherif Nada, Head of Retail Banking, Branch Network, and BB at Bank NXT, Mostafa Nabil Moshref, Chairman of Tomorrow Solar, and a distinguished group of executives from the bank and the company.

Tamer Mostafa, Senior Director of Business Development and Sustainable Development at Bank NXT stated, "This partnership with Tomorrow Solar is a strategic step in our commitment to financing sustainable solutions that enhance the green economy and support the future of energy in Egypt. The initiative goes beyond providing seamless financing for individuals’ homes and residential complexes—it reinforces Bank NXT’s role in accelerating the transition to renewable energy as a fundamental choice for daily life. Facilitating access to financing through flexible procedures and extended repayment plans promotes environmental sustainability, supports economic growth, and provides long-term benefits for individuals and the community, establishing a more sustainable and efficient economy."

Mostafa Nabil Moshref, Chairman of Tomorrow Solar, commented, "Our partnership with Bank NXT represents a strategic step towards supporting the shift to renewable energy by providing innovative financial and technical solutions that contribute to economic and environmental sustainability, positively impacting Egypt’s future."

Through this initiative, Bank NXT and Tomorrow Solar continue to lead the renewable energy sector by offering practical and efficient solutions that accelerate the adoption of clean energy, support economic growth, reduce reliance on traditional energy sources, and protect the environment for future generations.
 

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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 broad spectrum of retail banking products and corporate banking services for businesses and institutions by 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 and provide investment and treasury services. 

The Bank offers its services to its customers through its 34 branches nationwide. It is constantly expanding its geographical presence by opening new branches, with two 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 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 microfinance player, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a digital payment platform, Bedaya for mortgage finance, Kaf for insurance, Fatura, a technology-backed B2B marketplace and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, a leading provider of integrated retail and corporate banking products in Egypt. 
 

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

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.

About Tomorrow Solar
For seven years, Tomorrow Solar has been a trailblazer in Egypt’s renewable energy landscape, delivering sustainable solutions to over 3,000 satisfied customers nationwide. With a Silver Tier Certification and an imminent upgrade to Gold Tier status, we proudly generate up to 10 MW of clean energy across residential, commercial, and industrial sectors.

Our core offerings—Solar PV Panels, Solar Water Heaters (from our sister company Termica), and EV Chargers —are designed to meet the highest international standards. The Solar Package, which combines these products at competitive prices with flexible payment plans, delivers exceptional value and a return on investment within 4-5 years. This offering exemplifies our commitment to quality, affordability, and customer satisfaction, backed by guarantees of up to 5 years for optimal safety and reliability.

What sets us apart is our comprehensive approach to renewable energy, blending innovative technology with exceptional pre- and post-sales service. We’ve earned our reputation as a trusted partner in sustainability, empowering clients with reliable, long-term energy solutions.

Our vision extends beyond Egypt. We aim to drive accessible renewable energy and sustainable growth for Tomorrow Solar and its partners both nationally and internationally, bringing our expertise and high-quality solutions to global markets while reinforcing our position as a leader in the renewable energy industry.

At Tomorrow Solar, we’re not just harnessing the power of the sun—we’re building a brighter, greener future for all. Join us on this journey toward a sustainable world.