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The AIBK was founded in 1974 by the Federation of Arab Republics (Libya, Syria and Egypt,) and is based in Cairo.
Amrik Tak, regional director MEA, Temenos, said, 'We are delighted to have been chosen by AIBK Egypt as its core banking system provider which joins six other Egyptian banks running on T24 and further extends our presence in the region.
Temenos will be providing AIBK Egypt with a suite of products, as the bank looks to achieve its ambitious expansion plans.
The contract was signed by Seif El-Nasr, AIBK chairperson and managing director, and Ashraf Sabri, CEO of Fawry, with the participation of Hisham Abdel Aal, AIBK assistant managing director, and Haitham Hammad, AIBK senior general manager and manager of retail banking.
We expect more than 30 per cent of flood claims to come from properties outside the perceived high risk flood zones, said AIBK chairman Nelson Omolo.
The Arab Investment Bank (AIBK) has signed a cooperation protocol with valU, a fintech solution company, offering Egyptian consumers installment sales services, to help drivers working for car booking service companies to purchase new cars through installments.
The Arab Investment Bank (AIBK) aims to boost its loans portfolio to EGP 15bn by the end of 2018, up by 50% from 2017, according to the chairperson of the bank Hani Seif El Nasr.
Meanwhile, the situation of Hany Seif El-Nasr, the current chairperson of the Arab Investment Bank (AIBK), and Fathy El-Sebai, chairperson of the Housing and Development Bank (HDB), have yet to be decided upon, even though the current information indicates that they will remain in their positions.
The Arab Investment Bank (AIBK) plans to increase its capital to EGP 1.5bn by the end of 2017, compared to nearly EGP 1.35bn by the end of 2016, according to Hany Seif El Nasr, the chairperson of the bank.
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.
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