Arab African International Bank – Ratings and Stable Outlook Affirmed

EG003 2 3CRA 00-01 2 6 September 2 0 2 4

Arab African International Bank – Ratings and Stable Outlook Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed AAIB’s Long-term Foreign Currency Rating (LT FCR) and Short-term Foreign Currency Rating (ST FCR) of ‘B’ . At the same time the Bank Standalone Rating (BSR) of ‘b’ , Core Financial Strength ( CFS ) rating of ‘bb’, and Extraordinary Support Level ( ESL ) of High have also been affirmed. The Outlook on the ratings remains Stable.

AAIB’s BSR is derived from a CFS rating of ‘bb’ and an Operating Environment Risk Anchor (OPERA) of ‘b’ (indicating significant risk). The CFS is underpinned by strong ownership (Egyptian and Kuwaiti governments) and by the expectation that the shareholders will continue to provide a high degree of ordinary support. The quality of the Bank’s corporate and…