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Last update: 2021-07-26 13:12:29
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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. 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 2020|
Annual report 2019
AAIB's two main shareholders are Central Bank of Egypt and Kuwait Investment Authority (49.37% each).
|Complaints and grievances||
AAIB does not operate a complaints channel for individuals or communities who might have been affected by the bank's finance.
Banks and human rights
Human Rights Benchmark Africa 2021
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.
Due dilligence: 0/5
Tracking the Equator Principles
EPFIs reporting status
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
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 standardsArab 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.