Arab African International Bank is the first multinational bank in Egypt, established in 1964, and the fastest growing bank in Egypt in terms of size and profitability, building on its branches in the United Arab Emirates. Its strategy has resulted in organic growth, mergers and acquisitions, growth in subsidiaries and regional expansion. In 2006, it was named Bank of the Year in Egypt by The Banker magazine and, in 2007 and 2008, Best Bank in Egypt by Euromoney.