QNB Egypt Gains Key Approval to Launch ‘Easy Bank’, Pioneering Digital Banking

Editorial Team

Last updated 8-10-2025

3 min

QNB Egypt has secured approval to establish "Easy Bank," a new digital banking venture.

The bank and its subsidiaries will hold around 32% of the EGP 4.

5 billion capital.

Mohamed Khairat's appointment as an Executive Board Member awaits final regulatory approval.

Easy Bank will utilise mobile-first platforms, automation, and AI for enhanced banking services.

This initiative aligns with Egypt's digital transformation goals, aiming to reshape the banking landscape.

QNB Egypt has just taken a bold step into the future of financial services in the country. The bank revealed that it’s secured an initial green light from the Central Bank of Egypt to set up a digital bank, to be called “Easy Bank”, backed by an issued capital of EGP 4.5 billion. According to details released, QNB Egypt and its subsidiaries will together hold about 32% of this new venture’s capital — a sizeable chunk that shows how seriously they’re treating this next phase of digital transformation.

Alongside the news, QNB Egypt announced the appointment of Mohamed Khairat as an Executive Board Member for the current 2025–2028 term, though this still awaits final approval from the central regulator. The move suggests a fresh injection of leadership experience just as the organisation broadens its digital footprint.

The timing couldn’t be more interesting. QNB Egypt recently reported consolidated net profits of EGP 22.2 billion, marking a 10% year-on-year increase (about EGP 2.1 billion higher than in 2024). Its standalone net profits came in at EGP 21.6 billion — impressive numbers, especially given the economic headwinds we’ve seen across the region lately. It’s one of those figures that make you think, they must be doing something spot on behind the scenes.

What’s really exciting here is how Easy Bank aims to fuse cutting-edge tech with everyday usability. From what’s been shared, it’ll rely on mobile-first platforms, smart automation, and AI-driven risk tools to make digital banking in Egypt far more accessible. As someone who’s seen how clunky online banking used to be — remember when even a simple transfer felt like a bit of a faff? — this kind of innovation feels overdue.

And believe it or not, this isn’t just about convenience. I reckon this project signals a wider shift in Egypt’s banking landscape, one that aligns neatly with the Central Bank’s ongoing digital push. On the flip side, though, starting a purely digital bank isn’t easy work. Regulations, cyber risks, and customer trust — all of these can make or break the journey.

Still, QNB seems prepared to weather those challenges. With global best practices and strong capital backing, Easy Bank might soon become one of the key drivers of Egypt’s growing digital economy. If you ask me, that’s something worth being quietly chuffed about… well, once the dust settles, of course.

At Arageek, where we’re always keen to see how tech and entrepreneurial spirit intersect across the MENA region, this kind of move feels like another nudge forward. Here’s hoping it turns Egypt’s banking scene into something genuinely more inclusive and intuitive — and not just another shiny app icon we forget to tap after a week.

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