Created before Nov 2016
Last update: 2017-09-01 10:45:12
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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. The AAIB is the first Egyptian bank to adopt the Equator Principles in January 2009. In December 2016 the bank controlled assets worth USD 9.98 billion.
5 Midan Al Saray Al Koubra
Garden City - 11516 Cairo
Hassan Abdalla |
|Annual report||Annual report 2016|
AAIB's two main share holders are: Central Bank of Egypt (49.37%) and Kuwait Investment Authority(49.37%).
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:
AAIB does not have any publicly disclosed investment policies. AAIB's sustainability webpage can be accessed here.
Arab African International Bank and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Arab African International Bank adopted the Equator Principles in 2009.
Reporting on the Equator Principles
Arab African International Bank must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Implementation and reporting
Arab African International Bank is reporting on the implementation here.