Latest in Tag: Arab African International Bank Highlight

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Latest in Tag: Arab African International Bank


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 …

Daily News Egypt

EBRD boosts small firms through lending $30m to Arab African International Bank

EBRD is further supporting the development of small and medium-sized enterprises (SMEs) in Egypt with a $30m loan to the Arab African International Bank (AAIB). EBRD’s SME credit line will help AAIB to further expand its SME lending and will contribute to increased access to finance for small businesses in Egypt. Although SMEs account for over 90 percent of all …

Daily News Egypt

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Arab African Bank signs agreement with Temenos, IBM to develop tech systems

The Arab African International Bank (AAIB) signed an agreement with leading banking systems company Temenos and IBM, specialised in manufacturing and developing software, to develop the bank’s core banking system. The new system aims to improve and maintain the bank’s performance in the customer service field through developing the infrastructure of ATMs and electronic banking …

Daily News Egypt

Assets under AAIH’s management reach EGP 3.1bn in 2014

The amount of assets under management of the Arab African International Bank (AAIB)’s subsidiary, Arab African Investment Holding (AAIH,) has doubled to EGP 3.1bn by the end of 2014. This figure compared to EGP 1.3bn in 2011, said Mohamed Mostafa, managing director of AAIH. Mostafa noted that AAIH is pumping investments in 2015 to increase …

Daily News Egypt

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