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
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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 …
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 …
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
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 …
IFC provides AAIB with $100m loan to support SMEs
The loan will enable AAIB to scale up its lending operations to smaller businesses
State banks boost their investment in treasury bills by EGP 13.8bn in July: CBE
Banking sector accounts for 77% of total outstanding balances of bills
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
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 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
AAIM managed assets worth EGP 3.5bn by mid-2015
AAIM is one of the financial subsidiaries of the Arab African International Bank (AAIB).
3 banks arrange syndicated loan of EGP 1.3bn for Evergrow
List includes AAIB, National Bank of Egypt and Abu Dhabi Islamic bank
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 …
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
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 …
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
AAIB expands ATM service in Egypt
Expansion brings bank’s total number of ATMs to 286 across the country
‘Titanium card’ to be launched next month: AAIB retail banking head
25000 clients using credit card in the bank, Verified by Visa (VBV) is safest way to shop online by AAIB, Himanshu Shrimali said
Foundation reduces hospital waiting lists
AAIB has succeeded in reducing patient waiting lists in hospitals through its foundation “We Owe it to Egypt”
SODIC to receive EGP 900m loan to finance SODIC West
Developer to re-finance outstanding debts
Arab African Bank funds alternatives to electricity and natural gas
Minister of Electricity and Energy says Egypt and UAE are establishing nuclear power reactors
Banking and insurance special: Tanmeyah, AAIB to offer money transfer services
The services will be offered through ATMs at Tanmeyah branches across the country
Arab African International Bank launches new line of lending products
The Arab African International Bank presents new lending solutions that suit customers from different income brackets