It was once a tourist destination. It became a killing field, Graham Usher reports from Pakistan's Swat Valley Arab African International Bank is recognised 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, and this comes as another testimony to its growth oriented strategy that has materialised impeccably in the consistent growth and profitability rates that outperformed market norms and positioned the bank as a forerunner in the banking industry. Hassan Abdalla, Vice Chairman and Managing Director of AAIB expressed his pride in winning the award and commented "AAIB has always been focused on providing distinguished financial products and services to its clients." He added that "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. It was once a tourist destination. It became a killing field, Graham Usher reports from Pakistan's Swat Valley
