Bank NXT, formerly the Arab Investment Bank (aiBANK), is seeking to double its deposits to $90 billion within the next three years.

aiBANK has announced its rebranding as Bank NXT, signaling a new phase in its commitment to delivering accessible financial solutions and banking services.

The Arab Investment Bank’s (aiBANK) net profits surged 119% year on year (YoY) in 2023 to EGP 1.15 billion.

aiBANK has partnered with Valu, in collaboration with Visa, to issue a new co-branded credit card exclusively to Valu’s customers.

The EFG Foundation for Social Development has signed a tripartite agreement with aiBANK Foundation for Community Development and Magdi Yacoub Heart Foundation to promote the training and qualification of nurses in the treatment centers affiliated with the Magdi Yacoub Heart Foundation at the Aswan Heart Centre (AHC).

aiBANK has launched an upfront-interest time deposit with a return of up to 15% paid in advance with a minimum deposit of EGP 500,000 and its multiples without a maximum limit.

aiBANK has signed a long-term partnership agreement with Visa to provide customers with an integrated package of new products, services, and innovative solutions to boost financial inclusion and digital transformation.

aiBank has launched aiPremier Elite, an exclusive segment that offers unique services for high-net-worth clients.

aiBANK, a 51%-owned subsidiary of EFG Holding, has joined the Instant Payment Network (IPN) via the InstaPay App.