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Arab African International Bank (1 Apr 2023 to 31 Dec 2023)
| Signing Date | 25 Jan 2009 |
| Region of Headquarters: | Middle East & Africa |
| Current EPFI Reporting Year/Period: | 1 Apr 2023 to 31 Dec 2023 |
| Institutional Reporting: | Link to Report |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 1
| Sector | |
|---|---|
| Mining | |
| Infrastructure | |
| Oil & Gas | |
| Power | |
| Others | 1 |
| Sub-Total | 1 |
| Region | |
|---|---|
| Americas | |
| Europe, Middle East & Africa | 1 |
| Asia Pacific | |
| Sub-Total | 1 |
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 1
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | |||
| Others | 1 | ||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 1 | ||
| Both | |||
| Independent Review | |||
| Yes | |||
| No | 1 | ||
| Totals | 1 | ||
1
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
2
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
3
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
4
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project Finance
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 1
Under EP4, project name reporting is required for Project Finance transactions that have reached Financial Close and encouraged for Project-Related Corporate Loans that have reached Financial Close.
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Implementation of the Equator Principles
AAIB is committed to nurturing a sustainable business environment by embedding Environmental, Social, and Governance (ESG) principles into its operations.
The bank’s Sustainability Policy and long-term objectives are aligned with the United Nations Sustainable Development Goals (SDGs) and the Paris Climate Agreement. To this end, AAIB has formulated and updated its Environmental and Social (E&S) policy, delineating its strategic approach to environmental stewardship and social responsibility within its lending activities.
AAIB’s E&S risk management framework is anchored in the bank’s core values and a comprehensive array of voluntary frameworks, including the Equator Principles (EP), standards established by the European Bank for Reconstruction and Development (EBRD), and guidelines from the International Financial Corporation (IFC). This extensive policy framework is consistently applied across all the bank’s operations, encompassing its international branches and subsidiaries where AAIB maintains a majority stake.
Policy serves as Group’s minimum requirement for E&S risk due diligence; international branches and subsidiaries may supplement with additional criteria to cater for local specifications as required, whilst maintaining the integrity of this overarching policy framework.
Further details about AAIB´s implementation of the EPs are provided at: