AAIB announces robust 2024 results, net profits hits $301m
A $301m net profit for 2024 has been announced by the Arab African International Bank (AAIB), driven by its shift towards a liabilities-driven market approach. Tamer Waheed, Vice Chairperson and Managing Director, said: “Our shift, towards a liabilities driven market
AAIB announces robust 2024 results, net profits hits $301m
A $301m net profit for 2024 has been announced by the Arab African International Bank (AAIB), driven by its shift towards a liabilities-driven market approach. Tamer Waheed, Vice Chairperson and Managing Director, said: “Our shift, towards a liabilities driven market
Banks, mortgage companies inject EGP 78.66bn into low-income initiative in November
Financial institutions participating in Egypt’s low-income mortgage finance initiative provided a total of EGP 78.66bn in funding to over 606,839 beneficiaries in November 2024. A report from the Social Housing Fund and Mortgage Finance Fund revealed that 22 banks contributed
AAIB, IFC, EBRD, and BII launch $500m sustainability bond to advance climate finance, support MSMEs
The Arab African International Bank (AAIB) has issued a $500m sustainability bond, backed by investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII). This initiative aims to advance Egypt’s green transition while supporting
Arab African International Bank reports $156m net profit in H1 2024 – Dailynewsegypt
Arab African International Bank (AAIB) reported a net profit of $156m for the first half of 2024, according to a statement released by the bank. This represents a significant increase in profitability for the bank, driven by a change in