AAIB SL

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