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.
