A Letter from the Board of Directors

Mr. Hisham Ramez Abdel Hafez

Chief Executive Officer - Managing Director

Mr. Amr Mohamed Kamel

Non-Executive Chairman

On behalf of the members of the Board of Directors, we are proud to present the Annual Report for the year 2022.

In 2022, the Arab International Bank continued to evolve and excel beyond its own anticipations to provide the highest level of service to our clients. These goals were achieved with great determination in seeking out new clients through our branches, services, and products, despite the global economic challenges that currently take place.

The Arab International Bank remained successful; after introducing products that cater to various societal benefits in 2021. The bank’s growth was nurtured by the increase of the number of its branches that also align with the Central Bank of Egypt initiative related to clients with special needs. Accordingly, the bank has upgraded its branches to provide the easiest and most accessible banking experiences along with providing the products and services that suit their needs. The starting point was this year, with our two branches in Heliopolis and Al Batal Ahmed Abdel-Aziz Street.

The separate and consolidated financial statements of the Arab International Bank, as presented in the 2022 Annual Report, substantiated our competence in maintaining the position of the Arab International Bank as one of the most esteemed and deeply rooted banks in the Egyptian banking sector.

The following are some key performance indicators of the end of the fiscal year on December 31, 2022: Both the separate and consolidated financial statements of the Bank presented a net profit. The separate financial statement shows a net profit of $27.8 million in 2022, while the customers’ deposits reached $3.3 billion by the end of the same year. Meanwhile, the coverage ratio for the Expected Credit Loss (ECL) provisions for the loan portfolio was 30.85% at the end of 2022. As for the capital adequacy ratio of the bank calculated on a Banking Group basis and with respect to the instructions of the Central Bank of Egypt (CBE), it reached 20.86% on December 31, 2022, while the minimum limit required according to the CBE’s instructions reached 12.50 % including conservation buffer.

In conclusion, we would like to express our gratitude and appreciation to the members of the Board of Directors and all the Bank employees for their ongoing efforts that have satisfied our objective to achieve excellence through collaboration and commitment in all our dealings. We also extend our thanks to all our valued clients and associates for placing their trust in us. It is without a doubt that we will strive to sustain the quality of our services and remain worthy of the trust of our clients.