Arab African International Bank
Arab African International Bank (AAIB) is one of the largest banks in Egypt headquartered in Cairo. The bank was founded as a joint venture between the Central Bank of Egypt, the Kuwait Investment Authority, and several prominent Egyptian and Arab businessmen. AAIB was created with the aim of fostering economic growth, promoting international trade, and supporting investment activities in Egypt and the region.
According to its annual report for 2022, the bank's total assets were EGP 239.13 million. AAIB also achieved notable financial results, demonstrating its strong performance and growth. The bank reported a net profit of USD 136.7 million, representing a significant increase of 70.8% compared to the previous year. This impressive growth reflects AAIB's effective business strategies and successful implementation of its financial objectives.
Additionally, total customer deposits experienced a healthy growth of 4%, reaching $10.2 billion, which equates to an increase of $390 million. Today, the strategy of AAIB is centered on the future and creating ground-breaking technologies to meet the constantly evolving needs of clients.
Throughout its history, AAIB has maintained a strong commitment to innovation, customer satisfaction, and ethical business practices. With its long-standing presence and expertise, AAIB continues to contribute to Egypt's economic development and remains a trusted financial institution in the region.
Founded: 1964
Headquarters: Cairo, Egypt
Website: https://www.aaib.com/
