Hassan Abdalla; Arab African International Bank CEO
Hassan Abdalla (born in 1960), is currently the Chief Executive Officer and Vice Chairman of Arab African International Bank (AAIB), an international bank based in Egypt, and substantiated by a network of regional branches.
Education:
Hassan Abdalla is a graduate of the American University in Cairo where he received his BA and MA degree in Business Administration. He is serving as an advisory board member of the business school of the American University in Cairo and has been granted the distinguished Alumni Award of the AUC.
His Career Life
Hassan Abdalla is a board member of: UBAF Bank- Hong Kong (Executive Committee); the Institute of International Finance; Inc. (IIF) – Washington; the Egyptian European Association for Economic & Social Development, Director of Arab Banker’s Association – London (ABA); the New York based World President’s Organization (WPO); Egypt International Economic Forum (EIEF) (Executive board); Egyptian National Competitiveness Council (associate member).
Previously, he served as board member of: the Central Bank of Egypt (CBE), the Egyptian Banking Institute (EBI) – Central Bank of Egypt, the Egyptian Exchange, Egypt-US Business Council. Founder and Chairman of the Egyptian Junior Business Association EJB, Vice President of the German Arab Chamber of Industry & Commerce and Chairman of the Board of Trustees of the Egyptian E-Learning University (EELU), Chairman of the Middle East, Far East and Africa Regional Committee – International Capital Market Association [ICMA] – Zurich.
He was also member of the board and executive committee of the Arab Business Council (World Economic Forum).
Moreover, Abdalla is a part-time faculty member of Finance at the American University in Cairo.
Owing to his strong belief in Corporate Social Responsibility “CSR” and role of companies towards the society, Hassan Abdalla is the Founder & Chairman of “We Owe it to Egypt Foundation”, and board member of both Endeavor –Egypt and AISEC – Egypt.
According to a report of Shorouk in 2011 about Gamal Mubarak’s friendship with the banks’ heads, Hassan Abdalla was among those heads who implicated in the report. The report referred to the friendship of Gamal Mubarak which became as a kiss of death for banking heads.
Arab African International Bank
Arab African International Bank Awarded Best Bank in Egypt 2008 by Euromoney. Arab African International Bank is recognized by pre-eminent international finance magazine Euromoney as the “Best Bank in Egypt 2008”. Euromoney cited AAIB as the winner of this prestigious award because the bank posted higher growth statistics than its main competitors in almost every category.
Euromoney further emphasizes AAIB’s leadership position in terms of profit growth, this comes as another testimonial of its growth oriented strategy that has materialized impeccably in the consistent growth and profitability rates that outperformed market norms and positioned the bank as a fore runner in the banking industry
Hassan Abdalla expressed his pride with the award and commented: “AAIB has always been focused on providing distinguished financial products and services to its clients.” He added: “AAIB is currently positioned to expand its regional growth through reviving its vision as a gateway for international investments.”
AAIB’s distinguished innovative and pioneering spirit and its ability to foresee potential in highly dynamic markets enabled it to become an influential trend-setter and a leader in introducing a number of products and services to the Egyptian market.
Euromoney’s award for excellence 2008 is considered the latest successor to a number of awards earned by AAIB, as it won Euromoney’s 2007 title, The Banker award for “Bank of the year in Egypt 2006”, also the Visa Innovation award for its creativity and innovative products, and most recently the “Quality Recognition Award” from J.P. Morgan Chase.
In 2007, AAIB’s rating moved from “A” positive outlook to “A+” stable outlook by Moodys international association
On May 13, AAIB announced that it targets to increase its customers’ deposits by a rate ranging from 15% to 20% during this year. AAIB’s deposits reached EGP 31 billion at the end of last April, with an increase of EGP 1.5 billion up from the volume of deposits registered at the end of December 2011.
Individual deposits acquired 45% and foreign deposits acquired 15% of the total volume of deposits. The foreign deposits are being invested in dollar loans and dollar bonds, Amr Abdelal, head of branches and deputy head of retail banking department, told Amwal Al Ghad.
AAIB does not plan to launch new savings instruments in the upcoming period, as the Bank has 50 savings instruments with competitive returns, Abdelal added.
Abdelal said retail banking represents 12% of the Bank’s profit. Individual deposits account for 3.1% of market share, while individual loans account for 1.5% of market share. AAIB has 225 retail banking customers and plans to increase its numbers through expanding in offering new products such as car loans, platinum cards, direct payment and physicians and pharmacists’ loans by the second half of the current year after the presidential elections.
Sources:
http://www.orascomci.com/index.php?id=hassanabdalla
http://www.aaib.com/AboutUs/VChairman.aspx
http://www.aaib.com/Awards/Euromoney.aspx
http://amwalalghad.com/en/business/banks/4186-aaib-to-increase-deposits-by-egp-6-bln-in-2012.html
