The Nationwide Funding Financial institution (NIB) introduced a major monetary turnaround, recording a internet revenue of EGP 6bn within the 2024/25 monetary 12 months, in contrast with losses of EGP 31.7bn within the earlier 12 months, marking a robust restoration within the financial institution’s monetary place.
Planning and Financial Improvement Minister Ahmed Rostom, who additionally chairs the financial institution’s board of administrators, chaired an intensive board assembly to debate efficiency indicators, overview developments within the financial institution’s restructuring course of, and assess efforts to strengthen its function as a strategic growth arm of the state.
Through the assembly, the board reviewed progress in resolving monetary entanglements with authorities entities. In June 2026, two framework agreements have been signed to settle longstanding money owed relationship again to the Nineteen Eighties, value greater than EGP 196bn.
The settlements lined subsidiaries of the Holding Firm for Water and Wastewater and the Normal Authority for Reconstruction Tasks and Agricultural Improvement. The board additionally mentioned ongoing steps to conclude additional settlements masking the remaining excellent money owed.
Rostom reiterated the Ministry of Planning and Financial Improvement’s dedication to persevering with the restructuring course of and settling all excellent monetary points. He mentioned these efforts have been being pursued underneath the shut and steady supervision of Prime Minister Mostafa Madbouly, as a part of the federal government’s drive to resolve monetary entanglements as soon as and for all.
On the executive entrance, the board accredited the appointment of Dalia Mostafa as performing vice-chairperson and managing director of the financial institution, succeeding Ashraf Negm. The board expressed its appreciation for Negm’s efforts throughout his tenure.
The assembly additionally mentioned the financial institution’s future operational plan, which incorporates growing a mechanism to ensure infrastructure financing by means of progressive financing devices. This may contain strategic partnerships with the World Financial institution and numerous worldwide monetary establishments, in shut cooperation among the many ministries of Finance and Planning and NIB subsidiaries.
