Abu Dhabi Islamic Bank-Egypt CEO Nevine Loutfy has died

Nevine Loutfy, the chief executive and acting chairman of Abu Dhabi Islamic Bank-Egypt (ADIB), has died, the bank announced on Tuesday.

Loutfy was appointed as Managing Director and CEO of ADIB-Egypt, formerly NBD, in 2008.

She has led the bank’s transformation into a fully Islamic Shariah compliant institution, reinforcing its position as a modern customer-centric organisation.

With over three decades of banking experience, Loutfy’s career spanned international positions in the US, Europe, and emerging markets, with in-depth expertise in local corporate, SME business management, and retail sectors, in addition to credit risk and capital management.

Loutfy had joined ADIB from Citigroup’s EMEA Commercial Bank in London where she held the positions of Chief Operating Officer, Managing Director, and Business Senior Credit Officer, covering a wide range of functions across Europe, the Middle East, and Africa.

She began her banking career with Citibank in March 1976 as a Financial Analyst in the Cairo office. She held a BA in Economics from the American University in Cairo.