Arab International Bank – R atings A ffirmed with a Stable Outlook

Ref : EG004 21 CRA00-01 14 December 2 0 22

Arab International Bank – R atings A ffirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) of Arab International Bank (AIB) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed AIB ’ s Bank Standalone Rating ( BSR ) of ‘b+’, Core Financial Strength ( CFS ) rating of ‘bb’ , and E xtraordinary Support Level (E SL ) of Moderate. The Outlook for the LT FCR and BSR remains Stable.

Although we deem the Egyptian authorities’ willingness to provide support to be moderate in view of AIB’s significant government ownership, its financial capacity may be limited as indicated by Egypt’s sovereign ratings (‘B+’/‘B’/Stable). Accordingly, as the BSR is already at…