About Bank NXT 🏦
BANK NXT was established in 1974 as an investment and business
bank under the supervision of the Central Bank of Egypt. Its activities started
in 1978 with a capital base of USD 40 million, which was later increased to EGP
1.987 billion 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 the full spectrum of Corporate & retail
banking, investment, and treasury services. The Bank also offers Islamic
banking services, overseen by a Sharia-compliant body that ensures the Bank
remains in line with all criteria under Islamic banking. Additionally, the Bank
provides loan syndication services to companies and institutions looking to
finance large national projects that support the economy and the Bank. The Bank
is keen to support the growth of small and medium enterprises, which play a
crucial role in Egypt's overall economic and social development.
The Bank offers its services to its customers through its 33 branches nationwide. The bank is constantly working on expanding its geographical presence by opening new branches and ATMs 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.
Who is the CEO of The Bank?
Mr. Tamer Seif El-Din
Information for the personal Interview of BANK NXT
BANK NXT, a renowned provider of comprehensive retail,
corporate, and banking solutions in Egypt, announced that it was awarded the
title of "Fastest Growing Bank in the Arab Region" by the esteemed
World Union of Arab Bankers. The award was received by Tamer Seif El-Din, CEO
and Managing Director of aiBANK, as part of the award ceremony organized by the
World Union of Arab Bankers titled 'the Arab Banks Awards & Commendations
of Excellence 2023', which was held for the ninth consecutive year. The
selection process, conducted by a distinguished panel of specialized analysts
based on a rigorous evaluation, saw aiBANK emerge as the clear frontrunner,
surpassing its peers and demonstrating its unwavering commitment to excellence.
"We are profoundly grateful for the World Union of Arab
Bankers' recognition of aiBANK's unwavering commitment to excellence and its
consistent track record of outstanding performance among Arab banks in the
region," said Tamer Seif El-Din, CEO and Managing Director of aiBANK.
"This prestigious accolade validates our past achievements, showcasing our
relentless dedication to delivering modern banking services that swiftly adapt
to our valued customers' ever- changing needs. It is a testament to the
unparalleled efforts and unwavering commitment of the aiBANK team, whose hard
work has propelled us to remarkable heights of growth and recognition. This
award truly reflects our steadfast commitment to providing exceptional
financial solutions tailored to our customers' dynamic needs with the utmost
efficiency."
This award is a testament to aiBANK's remarkable progress
and transformation, marked by extensive modernization efforts across its
products, services, and branches, all seamlessly integrated with technology.
These strategic changes have yielded outstanding outcomes, with aiBANK's net profit
surging to an impressive EGP 450.2 million in the first half of 2023,
reflecting a remarkable growth rate of 56%. Simultaneously, the bank's
comprehensive portfolio of loans and credit facilities expanded by
approximately 12%, reaching an impressive EGP of 23.4 billion. Notably, this
expansion was due to the portfolio increase to the corporate sector, with
credit facilities to companies and institutions experiencing a notable 12%
growth during the same period, amounting to a substantial EGP 17.3 billion.
Moreover, individual financing portfolios witnessed a commendable increase of
about 14%, reaching EGP 6.1 billion. Throughout these achievements, aiBANK has
diligently maintained a substantial capital adequacy ratio, currently at an
impressive 15.29%. This robust growth strategy has proven resilient even amidst
challenging economic conditions, both locally and globally, further solidifying
aiBANK's position as a leader in the industry. aiBANK's was also able to
accomplish the Central Bank of Egypt's target percentage requirement of 25% in
financing Small and Medium-sized enterprises (SMEs) as part of its total loan
portfolio. Notably, this milestone was achieved through strategic allocation of
financing to small and medium-sized enterprises (SMEs), which reached an
impressive 27.3% by the end of September 2023, with 18.2% dedicated explicitly
to smaller projects. This remarkable achievement was made possible by
introducing innovative financing products under the theme "Financing That
Moves You 100 Strides Forward." These tailored products are designed to
cater to the needs of small and medium-sized businesses with a value of up to
EGP 10 million, offering flexible installment plans spanning up to five years.
Their swift approval process sets these financing solutions apart, with
applications being processed in just four days. This successful endeavor
highlights aiBANK's commitment to fueling the growth and development of SMEs,
empowering them to thrive in today's dynamic business landscape.
How to Apply for the bank vacancies?
Bank NXT announced the opening of job applications for fresh graduates and experienced
people through the website. The job opportunity at the Arab Investment Bank for
graduates is one of the most important opportunities that enables fresh graduates
to gain experience in the banking field.
The available jobs in the Arab Investment Bank are:
🌟Huge Opportunity Alert🌟
We’re hiring Finance Fresh grads for the position of “Budgeting & Performance Analysis Jr. Officer” with the below Requirements:
1. Bachelor’s Degree in Finance/ Accounting or Equivalent
2. Very Good- Excellent Overall Grade
3. Fluency in English
4. Previous Internship Programs at relevant Departments
5. CFA/ Specialized Finance Certifications will be a plus