Latest in Tag: AAIB Highlight
Latest in Tag: AAIB
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 …
Bank gateway to international investments in Egypt by providing best financial, investment solutions to global investors, Abdalla says
Funding solidifies bank’s role in supporting energy sector, says AAIB CEO
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 …
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 …
Banks should shift traditional operations towards microfinance, entrepreneurship, SMEs, says Hassan Abdalla, CEO of Arab African International Bank (AAIB)
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 …
The bank’s total loans to SODIC Group increased to EGP 4bn over the past three years
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 …
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 …
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, …
List of banks includes Banque Misr, NBE, AAIB, CIB, and QNB
The loan will enable AAIB to scale up its lending operations to smaller businesses
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
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.
El Gouna Open has become one of eight major international squash tournaments, says AAIB Head of marketing and communications
This issue is still being studied, and we are coordinating with Kuwait regarding the AAIB, says Negm
Timing, price, and promotion are important factors for a successful launch on the EGX, says financial analyst
Bank attracts EGP 25bn new deposits during first nine months of 2015
MOSTADAM was jointly established by the AAIB, the United Nations Development Programme (UNDP), and the Egyptian Corporate Responsibility Centre (ECRC) in 2012
Bloomberg ranks the best investment banks in over 200 countries, dealing with approximately 100 different currencies
Bank is targeting about 30% average growth on retail, says head of retail
Financing tuition fees ranges between EGP 15,000 and EGP 600,000 loan up to seven years, says Bahnasawy
AAIM is one of the financial subsidiaries of the Arab African International Bank (AAIB).
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.
Bank launches14 new branches, number of ATMs increases to 321
List includes AAIB, National Bank of Egypt and Abu Dhabi Islamic bank
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.
The loan will be used for financing a project in the North Coast and has been signed with Banque Misr and AAIB
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion