Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, has announced the signing of a strategic cooperation protocol with UiPath, a global leader in intelligent automation, in collaboration with BMB Egypt—a global solutions provider and technology advisor. This partnership aims to implement the UiPath platform to fast-track automation efforts, improve operational efficiency, and enhance the quality of banking services.
This move underscores Bank NXT’s commitment to institutional excellence, delivering superior customer experiences, and driving its broader digital transformation and sustainable growth strategy.
Hesham Daabes, Senior Group Head for Support at Bank NXT, expressed his enthusiasm for launching the UiPath platform in collaboration with BMB Egypt. He emphasized the positive outcomes of embracing cutting-edge automation technologies, particularly in streamlining internal operations with greater speed, accuracy, and efficiency—aligning with the bank’s vision for agile innovation and outstanding customer service. Daabes added that the agreement paves the way for more advanced applications of UiPath’s world-class automation solutions and maximizes the partnership’s value by leveraging global best practices to elevate Egypt’s banking sector.
Ashraf El Zarka, Vice President and Managing Director of UiPath Middle East and Africa, commented:
“We’re thrilled to witness this milestone deployment of intelligent automation at Bank NXT—one of the fastest adoptions we’ve seen in the region. With strong executive support from the CEO and leadership team, and a highly committed staff, the foundation for long-term innovation is firmly established. Phase one will focus on transforming back-office operations and enhancing customer touchpoints, setting the stage for truly adaptive, customer-centric banking.”
Mohamed Mossad, Director of Intelligent Automation and Data Analytics at BMB Egypt, added:
“As a strategic partner in intelligent automation and AI, we’re proud to support Bank NXT in this pivotal project. From the outset, the bank has demonstrated a forward-thinking mindset, enabling seamless technology integration, accelerated product enablement, and real-time value delivery. We firmly believe that intelligent automation will drive sector-wide transformation across Egypt’s banking landscape, ushering in a new era of speed, innovation, and sustainable growth. We remain committed to scaling automation, deploying AI solutions, and helping our partners lead the digital shift—not merely follow it.”
Bank NXT is implementing an ambitious roadmap to automate key operations in the near future. This initiative is designed to boost institutional performance, deliver tangible value to customers, and reinforce the bank’s position as an innovation leader in Egypt’s banking sector.
About Bank NXT
Formerly known as aiBANK, Bank NXT was established in 1974 as an investment and business bank and began operating under the supervision of the Central Bank of Egypt in 1978. Its capital base started at USD 40 million and was increased to EGP 1.987 billion in 2020. Following a successful acquisition and a General Assembly decision on October 10, 2021, the bank approved a capital increase to EGP 5,000,000,003, adjusting its ownership structure as follows:
- EFG Holding S.A.E – 51%
- Egypt’s Financial Services and Digital Transformation Sub-Fund – 25%
- National Investment Bank – 24%
A subsequent capital increase approved on March 24, 2024, brought the total paid-up capital to EGP 5,400,000,006.
Bank NXT offers a wide array of retail banking services to individuals and corporate banking solutions to businesses and institutions, including syndicated loan services for large-scale national projects. The bank places strong emphasis on supporting small and medium-sized enterprises (SMEs) as a key pillar of Egypt’s economic and social development, and also provides investment and treasury services.
With a nationwide network of 35 branches—and two additional branches set to open this month—Bank NXT is expanding its geographic reach. It is also enhancing its ATM network to ensure coverage in strategic locations. The bank remains committed to delivering unique, competitive services and continuously investing in its technology infrastructure and human capital to elevate the overall quality of its offerings.
Media Contact:
Reham Abbas
Head of Public Relations and Corporate Communications – Bank NXT
📧 [email protected]
About EFG Holding
EFG Holding (EGX: HRHO.CA – LSE: EFGD) is a leading financial institution with over 40 years of success across seven countries on two continents. The company operates through three core verticals: the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Banking (Bank NXT).
EFG Hermes, the region’s premier investment bank, offers a broad spectrum of services including advisory, asset management, securities brokerage, research, and private equity. In its home market, EFG Holding operates as a universal bank, while its NBFI arm—EFG Finance—is the fastest-growing platform of its kind, comprising:
- Tanmeyah – Financial services for micro and small businesses
- EFG Corp-Solutions – Leasing and factoring services
- Valu – A financial technology powerhouse
- Bedaya – Mortgage finance solutions
- Kaf – Insurance services
- EFG Finance SMEs – SME-focused financial services
Through Bank NXT, EFG Holding also delivers a full suite of retail and corporate banking solutions in Egypt.
Operating in: Egypt | UAE | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria
🔗 Learn more: www.efghldg.com
Media Contacts:
May El Gammal
Group Chief Marketing & Communications Officer – EFG Holding
📧 [email protected]
Omar Salama
Associate Director of Communications – EFG Holding
📧 [email protected]
📧 EFG Holding PR Team: [email protected]
Forward-Looking Statement Disclaimer:
This press release may include forward-looking statements related to management expectations, strategic goals, and business prospects. These statements are not guarantees of future performance and are subject to risks and uncertainties beyond the company’s control, including but not limited to market fluctuations, regulatory changes, competitive actions, and economic conditions. Readers are advised not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
