EFG Hermes meets necessary conditions for Arab Investment Bank acquisition
Bank’s issued, paid-up capitals increase to EGP 5bn
Latest in Tag: Arab Investment Bank Highlight
Latest in Tag: Arab Investment Bank
The Sovereign Fund of Egypt and EFG Hermes Holding sign agreements for the acquisition of 76% of Arab Investment Bank
Transaction will be capital increase that will raise Bank’s paid-in capital to EGP 5bn
EFG Hermes sets Arab Investment Bank acquisition deal in motion
Stakes of EFG Hermes, Sovereign Fund of Egypt in AIB would stand at 51%, 25%, respectively
Arab Investment Bank acquisition expected to be finalised by early Q2 2021
EFG Hermes, TSFE aim to jointly obtain 76% stake in AIB through capital increase
Omayma Farahat appointed as new chairperson of AIBANK succeeding Seif Al-Nasr
Farhat previously served as head of corporate credit sector at Ahli United Bank
PACT obtains EGP 120m loan from Arab Investment Bank
Loan targeted towards financing PACT’s White Bay
Arab Investment Bank aims to boost loans portfolio to EGP 15bn by end-2018: chairperson
We eye 50% growth in financing, 30% in deposits, profits, says Seif El Nasr
AIBK participates in Sacrifice Voucher programme in cooperation with EFB
The chairperson of the Arab Investment Bank (AIBK), Hany Seif Al-Nasr, announced the bank’s participation in the 2017 Sacrifice Voucher programme in cooperation with the Egyptian Food Bank (EFB) for the third time in a row. Citizens can obtain the sacrifice vouchers through the AIBK’s branches throughout the country, in an attempt to facilitate the …
AIBK signs cooperation protocol with Chinese TEDA SE ZONE Development operating in SCZone
The bank soon will sign a cooperation protocol with the SIDC to offer banking and finance services to the company and buyers of industrial units in the industrial zone in the Gulf of Suez, says Seif El Nasr
AIBK signs cooperation protocol with DFC to offer its services to investors
New branch will be opened in the city to finance feeding, complementary large, medium, small industries: Seif El Nasr
Arab Investment Bank aims to boost SME portfolio to EGP 12.3bn by end 2018: chairperson
Bank achieved 70% growth in profits, 85% increase in deposits, and 67% increase in loans by the end of 2016: Seif El Nasr
Arab Investment Bank participating in financial inclusion
Hany Seif El Nasr, chairperson of the Arab Investment Bank, assured that the bank is strongly participating in the initiative through its presence in recreational clubs, distributing flyers on financial inclusion, and introducing a number of products that fit all segments of society, along with opening bank accounts free of administrative fees and exempted from …
Egyptian economy has enough resources, potential to become among world’s most powerful economies: AIB chairperson
We are optimistic about the future of the Egyptian economy, especially following the government’s recently-adopted reform measures, says Seif Al-Nasr
6 projects can push Egypt among most important economies worldwide: AIB Chairman
Suez Canal projects alone can strongly push the economy growth, says Seif El-Nasr
Arab Investment Bank allocates EGP 1bn to finance Suez Canal Development Axis project: Bank Chairman
Further, according to the AIB’s chairman, the Suez Canal hosts thousands of small and medium enterprises, and should include opportunities set aside for young people.
AIBK allocates EGP 300m to mortgage finance: SME Sector Head
The bank has 420 units under financing in 10th of Ramadan City provided by MFF, says Taha
AIB not for sale after losses turn into profits: Chairman
Bank capital increased to EGP 1bn and volume of deposits jumps to EGP 6.5bn in three years
Arab Investment Bank plans Economic Summit participation
The Arab Investment Bank (AIB) is planning to participate in funding the proposed projects presented at March’s Economic Summit, board director Hany Seif El-Nasr announced on Thursday. Seif El-Nasr expects huge investor participation in the summit, adding that investors are waiting for the event to study projects, including the Suez Canal Axis Development. In the …
28.5% of Egyptian banks provide mobile banking
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion
NBE follows in Banque Misr footsteps
Bank raises interest rates on platinum by 2%