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Home › Banks ›
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Arab African International BankEgypt

Active

This profile is actively maintained
Last update: 2023-06-16 11:33:26
Arab African International Bank head office. Photo: Arab African International Bank via LinkedIn

Active

This profile is actively maintained
Last update: 2023-06-16 11:33:26
About
Website http://www.aaib.com
Headquarters
5 Midan Al Saray Al Koubra Garden City
11516 Cairo
Egypt
CEO/chair Tamer Waheed
CEO
Supervisor
Central Bank of Egypt
Ownership
listed on Egyptian Exchange (EGC)

AAIB's two main shareholders are Central Bank of Egypt and Kuwait Investment Authority (49.37% each).

The first Arab multinational bank, Arab African International Bank (AAIB), is a joint venture between the Central Bank of Egypt and the Kuwait Investment Authority, incorporated in 1964. The Arab African International Bank provides retail, corporate, and investment banking services in Egypt and internationally. In January 2009 the AAIB became the first Egyptian bank to adopt the Equator Principles.

Sustainability
Commitments
Policies
Voluntary standards

The AAIB does not have a web page with publicly available sustainability commitments nor does it have publicly available bank policies.

Arab African International Bank has committed itself to the following voluntary standards:
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
United Nations Global CompactTags: United Nations | human rights
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

African banks responsive on human rights but most lack basic policies, finds new benchmark

Nigeria’s Zenith leads after publishing previously unavailable policies; state-owned National Bank of Egypt comes in last place with no points
2021-03-29 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Principles must bring commitments

Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
2018-11-26 | Paris | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack quoted
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack quoted
2011-10-20 | Washington | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
Resources
Documents
Links
2022-07-14 00:00:00

Annual report 2021

Annual report
2022-07-14 00:00:00 | AAIB
2021-07-26 00:00:00

Annual report 2020

Annual report
2021-07-26 00:00:00 | AAIB
2020-07-01 00:00:00

Annual report 2019

Annual report
2020-07-01 00:00:00 | Arab African International Bank
2019-08-13 00:00:00

Annual report 2018

Annual report
2019-08-13 00:00:00 | AAIB
2018-06-30 00:00:00

Annual report 2017

Annual report
2018-06-30 00:00:00 | AAIB
2017-06-30 00:00:00

Annual report 2016

Annual report
2017-06-30 00:00:00 | Arab African International Bank
2016-04-30 00:00:00

Financial Synopsis 2015

Annual report
2016-04-30 00:00:00 | Arab African International Bank
2015-11-07 00:00:00

Annual Report 2014

50 golden years of confidence & distinction
Annual report
2015-11-07 00:00:00 | Arab African International Bank
2015-01-01 00:00:00

Sustainability Report 2010

Published in 2015
Annual report
2015-01-01 00:00:00 | Arab African International Bank
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Correspondence
2010-12-18 00:00:00 | Banktrack
2010-08-11 00:00:00

Corporate governance guidelines

Bank document
2010-08-11 00:00:00 | Arab African International Bank
2010-03-05 00:00:00

Equator Principles Implementation Report 2009

Bank document
2010-03-05 00:00:00 | Arab African International Bank

Arab African International Bank

360 Degrees of sustainability
Accountability
Grievances

AAIB does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.

AAIB is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates Arab African International Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Human Rights

Banks and Human Rights

BankTrack assessed Arab African International Bank in its 2021 Human Rights Benchmark Africa, where it achieved 0.5 points out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile.

The BankTrack Human Rights Benchmark

Human Rights Benchmark Africa 2021

BankLast update
Country
Score
Ranking
Details
Arab African International Bank
EGY
0.5
Laggard 0.5
0
Egypt
Score
Laggard
0.5
Explanation

Arab African International Bank's human rights policies, processes and reporting were assessed as part of the Human Rights Benchmark Africa 2021. The bank is assessed as a Laggard, with a total score of 0.5 out of 14.

Policy: 0.5/3
Due dilligence: 0/5
Reporting: 0/3
Remedy: 0/3

Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.
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