A Record Rise in AAIB's Assets, approaching the Trillion Club

In an exceptional year by all accounts, AAIB succeeded in writing a new chapter of its distinction, led by Temer Waheed, Vice Chairman and Managing Director of the AAIB, which placed the bank at the top of Egypt's fastest growing bank lists.

This extraordinary leap was not a coincidence, but the result of Tammer Waheed's Vice Chairman and Managing Director of the AAIB, an integrated strategy that transformed the Bank into an attractive investment pole in the Egyptian market, reformulating banking competition rules with unprecedented audacity that not only raised its operational efficiency to record levels, but created an inspiring vision for the future of the banking industry.

According to the bank's financial statements, the portfolio of assets of AAIB jumped by 71.4% over the past year, registering 923.59 billion pounds by the end of 2024, compared to 538.83 billion pounds by the end of 2023, an overall increase of 384.8 billion pounds.

Thanks to this record performance, the Bank has achieved the fastest annual growth in 8 years and is on the verge of entering the Trillion Pound Club, while the biggest edge was to clinch fourth place on the Big Five asset market ahead of fifth place, in a move that reflects the success of its strategic vision.

The Bank not only distinguished itself from quantitative growth, but also pushed it to boost its market share over the past year, jumping to 4.44% of total banking assets by the end of 2024, compared to 3.79% by the end of 2023.

Highlighting the growth rates achieved over the past years, the Bank has grown its asset portfolio by about 65.2% in 2023, while growth of about 34.9% and 7.4% in 2022 and 2021 respectively.

On the growth of its asset portfolio in 2020, it rose by 16.4%, while it fell by 6.4% and 2.6% in 2019 and 2018 respectively.

As for the growth rate of the "African Arab" asset portfolio during 2017, it was 15.6% year-on-year. The Bank's financial performance over the past year reflects a strong trend towards inclusive and sustainable growth, with Arab-African registering strong rises in several key financial indicators, reflecting its ambitious strategy and future vision to strengthen its position in the banking market.

By focusing on providing innovative services and integrated solutions that meet clients' needs, the Bank seeks to establish its presence as a leading financial institution capable of adapting to ongoing economic changes, enhancing its competitiveness in a dynamic market environment and underscoring its aspirations for further future successes.

Its net profit rose by 117.14% over the past year, reaching 15.317 billion pounds in 2024, compared with 7.054 billion pounds in 2023, representing an overall increase of 8.263 billion pounds.

The bank's profit before income taxes jumped to 22.49 billion pounds in 2024, compared to 10.18 billion pounds in 2023, with a growth rate of 120.97% and an increase of 12.313 billion pounds.

Net interest income rose by 88.53% over the past year, reaching 29.51 billion pounds in 2024, compared to 15.65 billion pounds in 2023.

Its portfolio of customer deposits jumped by 70.73%, reaching Pound672.21 billion by the end of 2024, compared to Pound393.7 billion by the end of 2023, a total increase of Pound278.5 billion.

Net customer loans rose to Pound180.6 billion by the end of 2024, compared to Pound141.4 billion by the end of 2023, a growth of 27.79%, and an increase estimated at Pound39.29 billion.

With this continued momentum under Temer Waheed, AAIB lays out the contours of a golden era in its career, transforming from a mere market participant into a de facto leader who identifies its trends, with an ambitious vision that cannot be undone.

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