MyWikiBiz, Author Your Legacy — Tuesday November 26, 2024
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, 18:05, 30 November 2013
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| “Arab African International Bank” <ref>http://www.aaib.com</ref> (commonly known as AAIB) was founded in [[Egypt]] in 1964 by Special Law No. 45. AAIB’s main shareholders are the [[Central Bank of Egypt]]<ref>http://www.cbe.org.eg/English/</ref>(CBE) and the [[Kuwait Investment Authority]] (KIA), each holding a 49.37% stake. Since its establishment, AAIB has been mostly known across the region for its core competencies in [[Corporate Banking]] and Treasury Services<ref>http://www.aaib.com/InvestmentBanking/Treasury%20Services.aspx</ref>. | | “Arab African International Bank” <ref>http://www.aaib.com</ref> (commonly known as AAIB) was founded in [[Egypt]] in 1964 by Special Law No. 45. AAIB’s main shareholders are the [[Central Bank of Egypt]]<ref>http://www.cbe.org.eg/English/</ref>(CBE) and the [[Kuwait Investment Authority]] (KIA), each holding a 49.37% stake. Since its establishment, AAIB has been mostly known across the region for its core competencies in [[Corporate Banking]] and Treasury Services<ref>http://www.aaib.com/InvestmentBanking/Treasury%20Services.aspx</ref>. |
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| == Arab African International Bank History == | | == Arab African International Bank History == |
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| === 1960s === | | === 1960s === |
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| In 2005, AAIB fully acquired Misr America International Bank (MAIB). The merger, which was finalized in 2005, was the first market based private acquisition in the Egyptian market. The ensuing entity was AAIB’s first in a series of aggressive moves in acquiring an even larger share of the Egyptian market. | | In 2005, AAIB fully acquired Misr America International Bank (MAIB). The merger, which was finalized in 2005, was the first market based private acquisition in the Egyptian market. The ensuing entity was AAIB’s first in a series of aggressive moves in acquiring an even larger share of the Egyptian market. |
| With the groundwork laid on the Retail Banking level, AAIB’s next step would be to become a fully integrated Financial Group. Leveraging its already renowned position as a pioneer in Corporate Banking and its established position as a leader in Retail Banking, the Bank began establishing its new business arms in 2008. Arab African Investment Holding (AAIH) became the Group’s major investment arm and manages Arab African Investment Management (AAIM) and Arab African International Securities (AAIS) and Arab African International Mortgage Finance (AAIMF). | | With the groundwork laid on the Retail Banking level, AAIB’s next step would be to become a fully integrated Financial Group. Leveraging its already renowned position as a pioneer in Corporate Banking and its established position as a leader in Retail Banking, the Bank began establishing its new business arms in 2008. Arab African Investment Holding (AAIH) became the Group’s major investment arm and manages Arab African Investment Management (AAIM) and Arab African International Securities (AAIS) and Arab African International Mortgage Finance (AAIMF). |
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| === AAIB’s Subsidiaries === | | === AAIB’s Subsidiaries === |
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| The firm offers a full range of brokerage activities including same-day trading, online trading and margin lending, offering its customers secure instant and integrated trading via the internet at a competitive rate. | | The firm offers a full range of brokerage activities including same-day trading, online trading and margin lending, offering its customers secure instant and integrated trading via the internet at a competitive rate. |
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| ==== Arab African International Mortgage Finance ==== | | ==== Arab African International Mortgage Finance ==== |
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| The Bank grew its branch network from 10 in 2002 to reach 71 in 2012, whilst also increasing its ATM Network from 20 to 242 during the same period of time. Its customer base also increased from 25,000 in 2002 to reach 176,000 in 2012. In order to better serve | | The Bank grew its branch network from 10 in 2002 to reach 71 in 2012, whilst also increasing its ATM Network from 20 to 242 during the same period of time. Its customer base also increased from 25,000 in 2002 to reach 176,000 in 2012. In order to better serve |
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| == Sustainable Finance & Corporate Social Responsibility == | | == Sustainable Finance & Corporate Social Responsibility == |