Al Ahli Bank of Kuwait – Egypt and Frankfurt School of Finance sign a Memorandum of Understanding

 In line with Al Ahli Bank of Kuwait – Egypt’s (ABK-Egypt) ongoing efforts to support sustainable finance and strengthen its role in achieving Egypt’s Sustainable Development goals and Vision 2030, the Bank announced the signing of a Memorandum of Understanding (MOU) with Frankfurt School of Finance & Management to provide specialized technical support in developing green financial products.

 This agreement comes under the Green Resilience for Egypt's Economic Transition (GREET) initiative, supported by the German Agency for International Cooperation (GIZ).

The Memorandum was signed by Mrs. Nevin Wefky, Deputy CEO, Wholesale Banking at ABK–Egypt, and Mr. Basel Shabaan, Director of the Financial Risk Consulting Center at Frankfurt School, in the presence of Dr. Nihal Hassan, Implementation Manager, Financial Sector Development at GIZ, and Mrs. Eman Negm Head of Sustainability & Sustainable Finance at ABK-Egypt, along with senior executives from both institutions.

This partnership aims to support ABK-Egypt in designing and launching innovative financial products that align with environmental sustainability principles, targeting a wide range of customers including Retail customers, SMEs and Large Corporates, which contributes to advancing the transition to a low-carbon economy and enhancing resilience to climate change.

The advisory scope of this agreement includes a full assessment of ABK–Egypt’s aptitude to integrate green finance, develop green loan and sustainability-linked Loan Principles in alignment with the Bank’s strategy. The program will run over a nine-month period and is scheduled for completion in October 2026.

Commenting on this collaboration, Mrs. Nevin Wefky, Deputy CEO, Wholesale Banking of ABK-Egypt, stated: "This partnership marks a pivotal step in the Bank’s journey towards integrating sustainability and sustainable finance principles into its business strategy. It will contribute to the development of environmentally friendly financial products aligned with global standards toward a green economy and enhance the Bank’s ability to meet increasing international and local requirements related to Environmental, Social, and Governance (ESG) standards."

The Deputy CEO, Wholesale Banking of ABK-Egypt further emphasized that the transition to sustainable finance is now essential, adding that ABK-Egypt’s commitment extends beyond environmental standards to playing an influential role in supporting the Egyptian economy amid global challenges, reflecting the Bank’s dedication to integrating sustainability and governance principles into all its operations.

About Al Ahli Bank of Kuwait - Egypt 

ABK-Egypt is one of the leading banks in the Egyptian market, having established a strong presence and achieved remarkable growth across all financial performance indicators.

ABK-Egypt offers a full range of banking and financial services that enable growth and economic progress, serving the needs of individual customers, large corporates, and small to medium enterprises through a dedicated team of over 2,000 employees and a wide network of 46 branches, 121 ATMs. And a top-notch Contact Center that operates round the clock 7 days a week.

ABK-Egypt is part of Al Ahli Bank of Kuwait Group that was establishment in 1967 in Kuwait and has progressed to become one of the leading banks in the region. The Group’s strong management coupled with its focused strategy have contributed to its stability and continued growth and expansion across the region as well as its success in building strategic alliances with world-class partners.