Arab African International Bank was established by Special Law as a Joint Venture between the Central Bank of Egypt (CBE) and Kuwait Investment Authority (KIA), and was incorporated in 1964 as Egypt's first Arab multinational Bank. With each party holding a 49.37% stake, the Central Bank of Egypt and the Kuwait Investment Authority are the core of AAIB's shareholder base.
With a history of solid banking tradition since its establishment, Arab African International Bank is Egypt's fastest growing bank in terms of size and profitability, with a compounded average growth rate for deposit and loan portfolios that has consistently outperformed market norms. These growth rates substantiated AAIB's vision to become the leading Financial Group in Egypt, providing innovative services with a strong regional presence and establishing itself as the gateway for international business into the region.
The Bank saw a decade of unlimited growth allowing it to gain significant traction towards assuming a leading position among other Egyptian banks. AAIB is Egypt's only Private Bank with a full-fledged presence in the Gulf region that maintains its core competency as a Corporate Bank. It is also continually taking massive strides in retail activities through expanding its product range and on the ground presence in commercially strategic locations.
Arab African International Bank is a leading private sector financial institution that has... Feb 24, 2015
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