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About Arab African International Bank
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. The company offers various personal banking products and services. In January 2009 the AAIB became the first Egyptian bank to adopt the Equator Principles.
5 Midan Al Saray Al Koubra Garden City
Sherif Elwy |
|Annual report||Annual report 2018|
AAIB's two main shareholders are Central Bank of Egypt and Kuwait Investment Authority (49.37% each).
Principles must bring commitments
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
Voluntary initiativesArab African International Bank has committed itself to the following voluntary standards:
The Arab African International Bank does not have any publicly disclosed investment policies. AAIB's corporate social responsibility webpage can be accessed here.
Implementation and reporting
Arab African International Bank is reporting on the implementation here.