Africa & Middle East
|Date joined:||3 April, 2018|
|Initiatives:||Principles for Responsible Banking|
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 have 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.
Whilst undertaking a mission of achieving limitless growth, AAIB’s foresight in terms of social consciousness became reality as early as 2003, with a belief that brands must be inspirational in a socially responsible manner.
AAIB embraced a transformative idea of Corporate Social Responsibility (CSR) being an ingrained component of AAIB’s Core Values System. Applying this with a distinctively unique approach, AAIB set the trend for Sustainable Finance with Value Creation.
Aside from being a recipient of world-renowned Banking and Finance Awards throughout the past decade, AAIB’s CSR and Sustainability practices were recognized in 2012 by Arabia CSR Network, who presented AAIB with a special award for being the first bank in Egypt and the region to establish its own Foundation for Social Development in Health and Education.