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AAIB’s assets under management hit 50% increase in 2018

Saturday 11 August 2018 01:59 PM

Arab African International Bank
Arab African International Bank

Arab African International Bank succeeded in increasing its assets under management during the year by 50% to EGP 4.8 billion, compared to EGP 3.1 billion in December 2017.

The 1.7 billion pounds increase came mainly from new contracts with institutions to manage their portfolios, said Mohamed Mustafa, AAIB’s Managing Director.

The lender is currently negotiating with several financial institutions to manage portfolios and issue investment funds, as it focuses its strategy on increasing the size of the financial portfolios, especially stock portfolios along with increasing the number of customers during the coming period.

He also stressed that the company will strive to continue achieving the managed portfolios outstanding performance.