About Arab African International Bank (AAIB)
Arab African International Bank (commonly known as AAIB) was founded in Egypt in 1964 by Special Law No. 45. AAIB’s main shareholders are the Central Bank of Egypt and the Kuwait Investment Authority, each holding a 49.37% stake. Since its establishment, AAIB has been known across the region for its core competencies in Corporate Banking and Treasury.
AAIB’s roots date back to the early 1960s, where it was founded to meet the development needs of the Arab world and Africa. Following a few decades of rapid international expansion, the Bank undertook a major strategy shift, which focused on an aggressive expansion of operations within Egypt and the MENA region and shrinking overseas operations. Maintaining its financial integrity and solid base, it began diversifying its activities, increasing its customer base, expanding its branch and ATM networks and pioneering new and innovative banking products and services. The end result of its unprecedented growth strategy, AAIB transformed itself from a bank to a full fledged financial group with activities in Corporate Banking, Retail Banking, Wealth Management and Investment Services.
AAIB’s Retail Banking & Wealth Management network is spread nationwide, providing clients with AAIB’s entire products services array. The Bank's growth was propelled in 2008 with the establishment of four subsidiaries; Arab African Investment Holding (AAIH), Arab African Investment Management (AAIM), Arab African International Securities (AAIS), Arab African International Mortgage Finance (AAIMF) and Arab African International Leasing (AAIL). The establishment of which transformed AAIB from a Bank to a full-fledged Financial Group to become 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.
Company Details
Website
Headquarters
Cairo, Egypt
Year founded
1964