Arab Finance: Bank NXT has signed 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, as per an emailed press release.

This partnership aligns with the bank’s commitment to supporting the transition to renewable energy and promoting environmental sustainability, as well as with Egypt’s Vision 2030 and the Sustainable Development Goals.

Under the signed protocol, Bank NXT provides financing covering up to 100% of solar panels and installation costs.

The program offers competitive interest rates, full exemption from administrative fees, and flexible repayment plans of up to seven years (84 months).

It also features fast approvals, simplified procedures, and reduced documentation requirements, facilitating a seamless transition to clean energy for customers.

"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," Tamer Mostafa, Senior Director of Business Development and Sustainable Development at Bank NXT, said.

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."

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