Arab African International Bank
The Arab African International Bank (AAIB) is a Egyptian financial institution.
It was established in 1964 by the President of Egypt. Along a history of solid banking tradition since its establishment, AAIB is Egypt's fastest growing bank in terms of size and profitability. AAIB was established as a joint venture between the Central Bank of Egypt and Kuwait Investment Authority.
The Bank's growth was given further impetus in 2008 with the establishment of new subsidiaries: Arab African Investment Holding, Arab African Investment Management and the acquisition of a major stake of Al Borak brokerage firm. AAIB is a major contributor to the Egyptian debt capital market with a powerful role in structuring, managing, book-running and successfully closing syndicated loans. This has further consolidated AAIB’s core competency in investment and corporate banking and bond markets, positioning the bank as a high-end service provider of innovative and customized solutions to leading local and regional corporates and international investors.
Regional expansion is another pillar for AAIB’s growth strategy; the bank led a number of major syndications in the fields of infrastructure and construction, which has further strengthened its position as a leading investment bank in the region. Enjoying a strong customer base and an active corporate strategy, AAIB’s branches in the Emirates are considered the launching point for expansion into the Gulf.
Besides its core corporate competency, retail innovation is another focal point for AAIB; with only 10% of Egypt’s population dealing with banks, AAIB sees retail as a viable growth area and a fertile field for introducing innovative products and services to the market. AAIB is the first to introduce credit cards to Egypt in the eighties and the chip technology in 2003 through its capacity as both issuer and acquirer. AAIB owns more than 45% of the market share in GPRS points of sale due to an early focus on the segment of merchants who have benefited from the technology provided by AAIB.
In 2007, AAIB launched its foundation for social development, We Owe it to Egypt. Although established by the bank, its scope and objectives extend far beyond the bank’s identity with its primary goal to enact a nation-wide initiative that inspires and mobilizes the corporate sector towards making a fundamental and positive difference in the fields of public health and education in Egypt.