Latest in Tag: AAIB Highlight
Latest in Tag: AAIB
Al Tadamun Microfinance obtains EGP 100m from AAIB to support micro-enterprises
The two parties stressed that the signing of this agreement comes within the framework of keenness on keeping pace with the plans and strategies of the Central Bank of Egypt (CBE) and the Financial Regulatory Authority (FRA), to achieve financial inclusion and support the economic empowerment of citizens, in line with the goals of sustainable development and the vision of “Egypt 2030”.
AAIB launches mobile banking app to keep pace with its customers’ advanced lifestyle
This comes as part of the AAIB’s comprehensive plan to provide new bundles of digital banking solutions and the latest banking services in a quick, swift, and efficient manner to meet all of its customers’ needs, in their advanced lifestyle. Since the AAIB constantly prioritizes its customers, the bank is always keen to provide services that respond to their different needs, in the most convenient way.
Dot acquires initial license to start running Klivvr app in partnership with AAIB
This comes under the framework of the CBE to facilitate citizens’ lives and support the financial inclusion plan.
Maha karara joins AAIB as Head of Corporate Communications, Sustainability
She has more than 20 years of experience in communication, marketing, sustainability
AAIB signs five-year bancassurance agreement with AXA Egypt
The deal is in line with the bank’s strategy to deliver the best financial and non-financial services and quality products withadded-value services to meet its customers’ needs.
ITI launches new training programme in cooperation with AAIB
Programme’s application deadline is on 13 January
ITI, AAIB sign cooperation protocol to train employees in various technological domains
The protocol was signed by Heba Saleh, Chairperson of the ITI, and Engy Wahdan, head of human resources in AAIB.
AAIB hosts TotalEnergies AFCON 2022 trophy tour in Cairo
The event witnessed a large gathering of the bank’s employees from various departments, and they had the chance to take memorable photos with the trophy.
AAIB lends Libra Capital EGP 200m to finance renewable energy purchase agreements
Agreements cover design, financing, installation, and operation of solar energy stations
AAIB grants Redcon EGP 2.7bn loan to complete Latin Quarter project at New Alamein
Financing supports bank’s realisation of vital role played by developing new cities
AAIB lends support to Egypt’s cashless economy drive
Bank to offer Egyptian merchants state-of-the-art N-Genius™ payment platform
SOREAL signs EGP 2.57bn medium-term facility with AAIB to finance Villette
Launched in 2014, Villette will cover an area of 301 feddans. SODIC has delivered about 600 units, with delivery of units in the project’s first phases having started in 2018. Villette is comprised of single family homes as well as high end apartment buildings.
Palm Hills borrows EGP 365m from AAIB, Banque Misr to finance Hacienda Bay
The syndicated credit facility will partially finance the investment cost of Hacienda Bay, one of the real estate developer’s major projects in the North Coast, according to a statement to the Egyptian Exchange on Thursday.
NBE, AAIB mull $750m loan for Abu Tartur phosphate project
Project’s implementation is likely to start in 4Q 2020
AAIB invests EGP 2bn establishing office space in Landmark Sabbour’s 1-NINETY
Growing demand for administrative, commercial real estate as prime office rents are rising and vacancy volumes dropping, says Sultan
MNHD, NBE, Banque Misr, AAIB sign loan contract worth EGP 2.1bn
Company aims for EGP 3bn in revenues in 2020, says Al-Hatimi
AAIB grants Premium Card credit facility amounting to EGP 200m in support of its 2020 growth strategy
In light of this fruitful partnership, AAIB granted Premium Card a credit facility, which amounts to EGP 200m, to be utilised in financing the company’s consumer finance portfolio.
AAIB arranges EGP 6bn securitised bonds, Egypt’s biggest transaction in 2019
A securitisation transaction is a debt capital market financial instrument whereby future receivables are converted into financial securities which can then be listed and traded on the stock exchange.
AAIB sets up EGP 1.5bn syndicated loan to Marakez
Loan to finance 50% of new mall on Cairo-Sokhna road
MNHD, AAIB sign EGP 300m loan agreement to finance Sarai project
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share
AAIB finances PSA plane purchase worth $20.5m
Loan extended over 5 years, expected to be disbursed starting June
All banks operating in Egyptian market invited to adopt principles of responsible banking
Egyptian banking sector is strong, capable of achieving Egypt’s leadership in sustainable development in Middle East, Africa
AAIB signs revolving credit agreement worth $50m with EBRD
Bank seeks to push cooperation with EBRD to benefit from its experience in serving sectors, economic activities targeted in Egypt: CEO of AAIB
AAIB appoints Elwy as deputy chairperson, managing director
Candidate previously served as deputy chairperson of NBE, member of board of directors of TE
UNEP FI selects AAIB’s Abdel Kader to promote Principles For Responsible Banking in MENA
Abdel Kader previously nominated by CBE to represent Egypt at G20 Summit in China, Green Finance Study Group in 2016
AAIB opens six new branches in Greater Cairo, governorates, aims to increase number to 100
The series of branches includes Souhag, Sukhna port, Mandara, Abbasia, Shams Club, Obour Buildings
AAIB, SANAD Fund launch Sandah for microfinance in Egypt
Egypt’s newest microfinance lending institution, Sandah, was launched in Cairo on Tuesday with EGP 155m in capital. Its main founding shareholders—the Arab African International Bank (AAIB) and SANAD Fund for MSME (SANAD)—celebrated the launch of Egypt’s newest microfinance company. SANAD Fund’s expansion in the Egyptian market is a testament to the international financial institutions’ confidence …
AAIB named best investment bank in Egypt by Global Banking and Finance Review
Bank gateway to international investments in Egypt by providing best financial, investment solutions to global investors, Abdalla says
AAIB contributes to long-term joint financing of EGP 4bn for Misr Petroleum, COOP
Funding solidifies bank’s role in supporting energy sector, says AAIB CEO
AAIB co-finances largest solar energy project in ME in Aswan
The Arab African International Bank (AAIB) has successfully contributed to financing the largest solar power project in Egypt and the Middle East in Benban, Aswan, becoming the largest solar power plant in the region with a target capacity of 1.8 GW. According to Hassan Abdalla, executive director of the AAIB, Egypt is one of the …