Bank NXT Partners with Frankfurt School & Chemonics for Climate Transition Strategy

Bank NXT, one of Egypt’s prominent providers of integrated retail and corporate banking solutions, has entered into a Memorandum of Understanding with a consortium led by Frankfurt School of Finance & Management in collaboration with Chemonics. This partnership has been formed under the German development initiative Green Recovery for the Egyptian Economy Transformation (GREET), creating a structured framework for collaboration within the Third Work Package of the Green Capacity Development Programme. The initiative is financed by GIZ Egypt on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

Framework to Develop a Robust Climate Transition Plan

Under the terms of the agreement, Bank NXT will receive an extensive technical support package designed to guide the formulation and execution of a forward-looking Climate Transition Plan. This support is intended to strengthen the bank’s capabilities in sustainable finance, enabling it to adopt climate-aligned strategies and reinforce its leadership role within Egypt’s evolving financial landscape. The programme places particular emphasis on equipping financial institutions with the tools needed to adapt to climate risks and opportunities.

Tamer Mostafa, Senior Director of Business & Sustainable Development at Bank NXT, stated: “This strategic partnership with prestigious international entities marks a pivotal step in Bank NXT’s journey toward sustainability and climate transition. We believe that integrating climate considerations into our core banking operations is not only a social responsibility, but also a strategic opportunity for long-term growth and for strengthening the role of the banking sector in supporting the national economy.”

“This MoU comes within the framework of our vision to develop an integrated sustainable finance ecosystem, through the development of innovative financial products including green loans, sustainability-linked financing, and investment products aligned with Environmental, Social, and Governance (ESG) standards, in addition to formulating and implementing a clear Climate Transition Plan in collaboration with international experts, and building the capacities of our teams in sustainable finance and climate risk management.”

He added: “This collaboration will enable us to offer innovative financing solutions that support our clients across various sectors to become part of a low-carbon and climate-resilient economy.”

Reinforcing Commitment to Egypt’s Green Economic Shift

The MoU reflects Bank NXT’s deep-rooted commitment to embedding sustainability at the core of its operational and strategic priorities. By aligning itself with international development partners and green finance initiatives, the bank is actively contributing to Egypt’s broader transition toward a resilient, low-carbon economy. This collaboration also enhances confidence among customers, business partners, and stakeholders, positioning Bank NXT as a trusted driver of sustainable economic growth in the country.