aiBANK Honored as Fastest Growing Bank by world Union of Arab Bankers, Achieving 56% Profit Growth in 2023

aiBANK, the leading bank in Egypt specializing in providing comprehensive banking solutions for individuals and businesses, announced that it has received the Fastest Growing Bank Award from world Union of Arab Bankers.

The award was presented to Tamer Seif Eldin, the CEO and Managing Director of aiBANK, during the Arab Bankers Excellence and Achievement Awards 2023 ceremony, marking the ninth consecutive year of this event.

The union selected the winners based on various international standards and the opinions of a distinguished group of specialized analysts.

Seif Eldin expressed his happiness about aiBANK receiving the award, thanking for consistently recognizing outstanding Arab banks in the region. He emphasized that the recognition was a tribute to the bank's achievements, highlighting its commitment to offering innovative banking services tailored to diverse customer segments.

He further explained that aiBANK focused on creating custom solutions to meet evolving customer needs promptly. The bank's recent advancements in products, services, and branches, aligned with cutting-edge technology, resulted in a 56% growth in aiBANK's net profits, reaching EGP450.2 mn the first half of 2023.

Additionally, aiBANK exceeded the Central Bank of Egypt's target for financing small and medium-sized projects, allocating 27.3% of its loan portfolio to these projects by the end of September 2023, surpassing the 25% target. The bank achieved this by offering new financing products tailored to small and medium enterprises, with quick approval processes within just 4 days.

Moreover, aiBANK introduced aiPremier Elite, a new segment providing exclusive services to high-net-worth clients, showcasing the bank's dedication to offering comprehensive financial services while strengthening long-lasting relationships with its customers.

The bank also established a long-term cooperation agreement with Visa to provide cutting-edge digital payment solutions, meeting the evolving needs of its customers.

Recently, aiBANK launched "Deposit, Withdraw, and Earn" deposit, offering a return of up to 15%, with a minimum deposit requirement of EGP500,000 and flexible terms allowing withdrawals at any time, subject to terms and conditions.

aiBANK serves its customers through a wide network of 33 branches nationwide, including 3 Islamic branches, with plans to open new branches in Cairo, Delta, and Upper Egypt to expand its services to a larger customer base. Additionally, the bank is expanding its ATM network to cover vital areas, ensuring convenient access for customers anytime, anywhere.