Latest in Tag: AAIB Highlight
Latest in Tag: AAIB
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 …
How to get a car loan from AAIB
The Arab African International Bank (AAIB) requires owning an account at the bank to obtain a car loan. Applicants will also need to provide a copy of their valid national ID card. Applicants must be 21 to 65 years old at the end of the loan period. They also must have been an employee at …
Sustainable finance is realising inherent connection between economic growth, social, environmental, governance concerns: AAIB CEO
Banks should shift traditional operations towards microfinance, entrepreneurship, SMEs, says Hassan Abdalla, CEO of Arab African International Bank (AAIB)
AAIB opens its branches for primary school students within framework of its financial education programme
In the belief that applying the definition of financial inclusion is one of the main pillars to achieve economic growth through reaching the different segments of society and raising awareness of banking services in activation of the financial education programme, the Arab African International Bank (AAIB) has started receiving primary school students as a first …
AAIB raises value of financing package granted to SODIC Group to EGP 1.4bn
The bank’s total loans to SODIC Group increased to EGP 4bn over the past three years
AAIB’s “Keep the Coast Clean” initiative
How it started? AAIB’s “Keep the Coast Clean” anti-litter awareness campaign was launched in 2015. The initiative aimed at magnifying the damage caused to our coasts and seas by littering from land-based recreation. In 2017, the environmental campaign commenced with an eye on having a progressive behavioural influence on saving Egypt’s magnificent shores. The main …
Arab African International Bank increases Golden Saving Account rates to 14% annually
The Arab African International Bank (AAIB) raised the interest rates for the Golden Saving Account in Egyptian pounds to 14% annually, 13% semiannually, 12.75% quarterly, and 12.5% monthly. Return is calculated on the lowest balance during the month—provided that it is not less than the minimum balance of EGP 5,000. Hassan Abdalla, the CEO of …
AAIB develops some branches to serve special needs clients
The Arab African International Bank (AAIB) has developed some of its branches to suit special needs clients, as part of the bank’s keenness to achieve financial inclusion. The bank has developed the sidewalks and entrances to make them wheelchair accessible. It also equipped some of the branches with teller windows of different heights. Hassan Abdullah, …
Electricity companies negotiate with banks to borrow $400m
List of banks includes Banque Misr, NBE, AAIB, CIB, and QNB
IFC provides AAIB with $100m loan to support SMEs
The loan will enable AAIB to scale up its lending operations to smaller businesses
AAIB seeks to attract more investments, contribute to development in the SCZone
The bank signed a memorandum of understanding with the General Authority for the SCZone to be present in the region and offer investors there support
US dollar exchange rate stable on 1st day of Egyptian pound’s complete flotation
Sunday marks the first day of the Egyptian pound’s complete flotation in the top five banks operating in the market, following the Central Bank of Egypt’s (CBE) decision to liberalise the exchange rate on Thursday.
Arab African International Bank awarded sponsorship of El Gouna Squash Open amid fierce competition: Hassan
El Gouna Open has become one of eight major international squash tournaments, says AAIB Head of marketing and communications
No serious steps taken so far to sell United Bank, offer shares of AAIB, Banque du Caire in IPO: CBE deputy governor
This issue is still being studied, and we are coordinating with Kuwait regarding the AAIB, says Negm
CBE, international institutions begin assessing AAIB, Banque du Caire in preparation for IPO
Timing, price, and promotion are important factors for a successful launch on the EGX, says financial analyst
AAIB arranges EGP 2.5bn syndicated loan for Holding Company for Food Industries
Bank attracts EGP 25bn new deposits during first nine months of 2015
AAIB celebrates first graduating class in sustainable finance programme
MOSTADAM was jointly established by the AAIB, the United Nations Development Programme (UNDP), and the Egyptian Corporate Responsibility Centre (ECRC) in 2012
AAIB first private bank in Egypt to promote syndicated loans on MENA level: Bloomberg
Bloomberg ranks the best investment banks in over 200 countries, dealing with approximately 100 different currencies
AAIB predicts a better outcome with new offers and services in 2016
Bank is targeting about 30% average growth on retail, says head of retail
AAIB launches Edu Invest programmes
Financing tuition fees ranges between EGP 15,000 and EGP 600,000 loan up to seven years, says Bahnasawy
AAIM managed assets worth EGP 3.5bn by mid-2015
AAIM is one of the financial subsidiaries of the Arab African International Bank (AAIB).
AAIB named Egypt’s Best Green Bank for 2015
As such, AAIB is the first bank in Egypt to embrace sustainable finance as a strategic concept that coherently ties with its notion of growth.
AAIB underwent significant expansions: Bank leaders
Bank launches14 new branches, number of ATMs increases to 321
3 banks arrange syndicated loan of EGP 1.3bn for Evergrow
List includes AAIB, National Bank of Egypt and Abu Dhabi Islamic bank
AAIB assets increase to EGP 91bn by end of March
The fund portfolio for companies at the bank reached EGP 31.4bn by the end of March 2015, a rise of 11.33% compared to December 2014.
Palm Hills signs bridge loan agreement worth EGP100m
The loan will be used for financing a project in the North Coast and has been signed with Banque Misr and AAIB
28.5% of Egyptian banks provide mobile banking
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion