Tamer Waheed's strategy enhances customer confidence in AAIB, doubling its deposit portfolio more than 3 times within 2 years

Arab African International Bank was able to record an exceptional success story under the leadership of Tamer Waheed, Vice Chairman and Managing Director, after achieving unprecedented financial performance that reflects the efficiency of its management and strategic vision.

In this episode of decision makers, we discuss the impact of Tamer Waheed«’s strategy on increasing customer confidence in the bank and growing its deposit portfolio. Under his leadership, the bank was able to achieve a record growth rate in its customer deposit portfolio, which jumped by 207%, recording an increase equivalent to 450.85 billion pounds, reaching To the equivalent of 668.99 billion pounds by the end of 2024, compared to the equivalent of 218.15 billion by the end of 2022 Which indicates that the size of the portfolio has increased more than 3 times in just two years.  

This exceptional growth in the bank’s total deposit portfolio is due to the growth in the volume of individual deposits, which increased by about 4 times, jumping at a rate of 275.%, with an increase equivalent to 200.55 billion pounds in just two years, recording the equivalent of 273.40 billion pounds by the end of 2024, compared to the equivalent of 72.84 billion by the end of 2022.  

In addition, corporate deposit portfolio grew at a rate of 172%, with an increase equivalent to 250.29 billion pounds, reaching the equivalent of 395.60 billion pounds by the end of 2024, compared to the equivalent of 145.31 billion by the end of 2022, doubling by 2.5 times during the period under analysis.  

Looking at the bank’s main indicators, Arab African International Bank was able to achieve record growth in its net profits under the leadership of «Waheed», which jumped at a rate of 310%, doubling about 2.5 times during the period under analysis, moving from 7.25 billion pounds during the year 2022, and reaching the equivalent of 15.23 billion during the year 2024.  

Its total assets jumped at a growth rate of 182%, with an increase equivalent to 592.84 billion pounds, bringing the size of the portfolio to the equivalent of 918.97 billion pounds by the end of 2024, compared to 326.13 billion by the end of 2022, making the portfolio multiply by about 3 times under his leadership.  

While the bank increased granting credit to its customers during the past two years by about 60%, bringing the total customer loan portfolio to the equivalent of 201.07 billion pounds by the end of 2024, compared to the equivalent of 126.03 billion pounds by the end of 2022, achieving an increase equivalent to 75.03 billion pounds.  

It is worth noting that these achievements placed the Arab African International Bank among the ranks of leading banking corporates, strengthening its position in the Egyptian market and translating the vision of its leadership into tangible results on the ground.

It should also be noted that the above values and growth rates are according to the independent financial statements announced by the bank at the end of the periods under analysis.