The new entity, which will operate under the name "EZ Bank," will be a subsidiary of QNB's local unit, QNB Alahli.
EZ Bank will have an issued capital of EGP 2 billion (about
$64.7 million), with QNB Alahli and its subsidiary, Al-Tamweel Wal Salamah,
holding a combined 99.9 percent stake.
The move follows QNB Alahli reporting a 10 percent increase
in consolidated net profit for the first nine months of 2025, reaching EGP 22.2
billion ($718 million), up EGP 2.1 billion from the same period in 2024. The
bank's standalone net profit stood at EGP 21.6 billion.
QNB Alahli also reported strong growth in its lending activities, with its loan and advances portfolio increasing by EGP 81 billion to a total of EGP 446 billion ($14.45 billion). This represents a 22 percent growth compared to December 2024.