The Arab African International Bank (AAIB) delivered a strong set of results during 2023, with a growth of over EGP 100 billion in local currency deposits, a strong 82% YoY growth rate
Dollar prices against the Egyptian pound exceeded EGP 50 in official markets for the first time in Egypt's history, as reported on Wednesday
Total grants and investments in securitization portfolios do not exceed 5% of the bank’s total portfolio of loans and credit facilities
The foreign currency shortage has led to waiting lists for import operations, the appearance of the black market, and a staggering gap between the official and unofficial exchange rates
Overall NFAs were reported at a negative EGP 841.391 billion in December, compared to a negative EGP 831.924 billion in November
