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Home › Bank profiles
Arab African International BankEgypt
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Created before Nov 2016
Last update: 2022-07-14 11:59:40

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Arab African International Bank head office. Photo: Arab African International Bank via LinkedIn

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.

Website http://www.aaib.com
Headquarters
5 Midan Al Saray Al Koubra Garden City
11516 Cairo
Egypt
CEO/chair Sherif Elwy
CEO
Supervisor
Central Bank of Egypt
Annual report Annual report 2021
Ownership
listed on Egyptian Exchange (EGC)

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 or grievances channel for individuals or communities that might have been affected by the bank's finance.

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Arab African International Bank
2022-08-08
EGY
2021
2
2
3.000000003E+27
0
Egypt
Profile
Reporting period
2021
PF deals under EP
2
Project names reported
2
% Project names reported
20220808
Last update: 2022-08-08
Explanation

EP reporting page: https://equator-principles.com/reporting-arab-african-international-bank-to-30-apr-2019/

Explanation

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. 

For more details see this page.

Banks and Human Rights

Human Rights Benchmark Africa 2021

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

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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.

News

| |
Type:
Year:
blog
external news
our news

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
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

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
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

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
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

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
blog
external news
our news

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

Documents

Type:
Year:
annual reports
2022-07-14 00:00:00

Annual report 2021

2022-07-14 00:00:00 | AAIB
annual reports
2021-07-26 00:00:00

Annual report 2020

2021-07-26 00:00:00 | AAIB
annual reports
2020-07-01 00:00:00

Annual report 2019

2020-07-01 00:00:00 | Arab African International Bank
annual reports
2019-08-13 00:00:00

Annual report 2018

2019-08-13 00:00:00 | AAIB
annual reports
2018-06-30 00:00:00

Annual report 2017

2018-06-30 00:00:00 | AAIB
annual reports
2017-06-30 00:00:00

Annual report 2016

2017-06-30 00:00:00 | Arab African International Bank
annual reports
2016-04-30 00:00:00

Financial Synopsis 2015

2016-04-30 00:00:00 | Arab African International Bank
annual reports
2015-11-07 00:00:00

Annual Report 2014

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

Sustainability Report 2010

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

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

2010-12-18 00:00:00 | Banktrack
bank documents
2010-08-11 00:00:00

Corporate governance guidelines

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

Equator Principles Implementation Report 2009

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

Links

Arab African International Bank

360 Degrees of sustainability
http://www.aaib.com/en/360Sustainability

Policies

Voluntary standards

Arab African International Bank has committed itself to the following voluntary standards:
  • Equator Principles
  • Global Reporting Initiative
  • Principles for Responsible Banking (PRB)
  • United Nations Global Compact

Investment policies

The Arab African International Bank does not have any publicly disclosed investment policies. AAIB's corporate social responsibility webpage can be accessed here.

Year:

Equator Principles

Implementation and reporting

Arab African International Bank is reporting on the implementation here.

Contact and complaints

Good moves

Year:
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