Egypt’s National Investment Bank Completes 90 Percent of Settlements Worth 298.8 Billion Pounds
Egypt’s National Investment Bank has completed about 90 percent of the settlements of its historical financial overlaps with state bodies, with a total value of 298.8 billion pounds, the Ministry of Planning and Economic Development said on 24 September. That total is equal to about 5.8 billion dollars at the Central Bank of Egypt’s sell rate that day of 51.8303 pounds, on our calculation. Ahmed Rostom, the planning minister and chairman of the bank, announced the figure at a board meeting that also approved a restructuring plan to return the bank to its role as the state’s investment and development arm.
The state bodies in the settlements
The settlements covered government entities including the General Authority for Reconstruction Projects and Agricultural Development, the National Media Authority, the subsidiaries of the Holding Company for Drinking Water and Wastewater, the New Urban Communities Authority, the Egyptian Agricultural Authority and the New Valley Governorate. Rostom said the file had stayed open for decades and that closing it gives a real starting point for correcting the bank’s financial positions.
| Measure | Figure |
|---|---|
| Total value of settlements and overlaps | 298.8bn pounds |
| Share of historical overlaps settled | About 90% |
| Named entities | 6 |
The ministry did not publish a breakdown by body. The dollar conversion uses the Central Bank of Egypt’s sell rate of 51.8303 pounds for 24 September 2026, as published in our Middle East wrap for that day.
What the board approved
The board adopted the restructuring plan and reviewed how to make the most of the real estate and investment assets that passed to the bank through the settlements. It also studied the bank’s role as a main national partner in the infrastructure financing guarantee facility, which is being prepared with the World Bank Group and international institutions. On 23 September we reported that the facility had been discussed with 11 international and regional institutions and is designed to provide long-term financing in local currency and to reduce the risk of investing in renewable energy, water treatment and desalination, and modern transport.
Deputy Prime Minister for Economic Affairs Hussein Eissa said the board would build on the progress of the past 6 months. Investment and Foreign Trade Minister Mohamed Farid Saleh, who took part by video link, called the settlements a decisive step in correcting the bank’s financial path.
Why it matters: The settlements resolve about 90 percent of a financial overlap file that Rostom said had remained open for decades, and they hand the bank real estate and investment assets it can now manage and put to use. With its proposed role as a main national partner in the infrastructure financing guarantee facility, they serve the restructuring plan’s aim of restoring the bank as the state’s investment and development arm.
Outlook: About a tenth of the file remains to be settled. Next come decisions on how the transferred real estate and investment assets will be used, and the bank’s part in the infrastructure financing guarantee facility as it is prepared with the World Bank Group.
Sources: Ministry of Planning and Economic Development, Central Bank of Egypt, The Edge.
