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AAIB SL

Sector: Commercial • Location: Egypt, Arab Republic of

Source: International Finance Corporation (IFC)

Project
Completed

The Project involves a senior loan of up to US$100 million and a line under the Global Trade Finance Program (GTFP) to Arab African International Bank (AAIB or the Bank) to target medium enterprises and Sustainable Energy Finance (the Project). AAIB is one of the top five banks operating in Egypt with total assets of US$13 billion as of 30 September 2015. The Bank was established in 1964 as a join

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Project Information

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The project “AAIB SL” is an infrastructure initiative in the Commercial sector, located in Egypt, Arab Republic of. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

completed

Taiyo status

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Email

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Description

Description

The Project involves a senior loan of up to US$100 million and a line under the Global Trade Finance Program (GTFP) to Arab African International Bank (AAIB or the Bank) to target medium enterprises and Sustainable Energy Finance (the Project). AAIB is one of the top five banks operating in Egypt with total assets of US$13 billion as of 30 September 2015. The Bank was established in 1964 as a joint venture between the Egyptian General Institution for Banks in the United Arab Republic (replaced by the Central Bank of Egypt or CBE) and the Ministry of Finance and Industry of Kuwait represented by the Kuwait Investment Authority (KIA). AAIB is a commercial bank that provides financial services to both corporate and retail clients, and operates through a network of 83 branches.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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