Egypt targets National Investment Bank restructuring by fiscal year's end

Egypt's planning minister said the government will restructure the National Investment Bank by the fiscal year's end, as the Senate debated its private-sector role.

• Planning Minister Ahmed Rostom said the government aims to complete restructuring the National Investment Bank and its governance by the end of the current fiscal year.
• Rostom stated that some debtor entities' failure to meet financial obligations affected the bank's ability to continue financing, prompting a temporary halt pending settlements.
• Senate President Essam Eddin Faried referred two discussion requests — on the bank's role and infrastructure funding — to the Financial, Economic and Investment Affairs Committee.
• Senators Ehab Wahba and Mohamed Abdel Nabi demanded a timeline to resolve the bank's accumulated financial problems and clarify criteria for private-sector asset partnerships.
• Senator Amani Fakhir said settling about 400 billion pounds of financial entanglements converted 31.7 billion pounds of losses into 6 billion pounds in net profits.
• Deputy committee head Sahar Nasr stressed resolving the bank's historical financial entanglements before assigning it new tasks, aligning with presidential assignments from the Egypt 2026 forum.
• Senator Hossam el-Kholi urged linking the bank's role to small and medium enterprises and industrial development, proposing a census of SMEs.