QNB Group has received regulatory approval from the Central Bank of Egypt (CBE) for the establishment of its digital-first banking entity, ezbank.

The approval marks a significant step in QNB’s ongoing efforts to align with the Central Bank of Egypt’s objectives for financial inclusion and digital transformation, as well as the government’s broader economic development agenda.

The license approval for ezbank underscores Egypt’s continued progress in modernising its banking sector and advancing digital financial services.

QNB received license approval from the Saudi Central Bank (SAMA) earlier this month.

Positioned to play a key role in this transformation, ezbank will leverage advanced digital technologies, including mobile-first platforms, AI-driven tools, and smart risk management systems, to provide accessible and efficient financial services.

The initiative aims to enhance convenience, expand access to banking, and support the growth of Egypt’s digital economy.

QNB operates in more than 28 countries across Asia, Europe, and Africa, and is recognised as the most valuable banking brand in the Middle East and Africa.

Featured image credit: QNB