The Arab Investment Bank, aiBANK, announces final agreement to purchase the portfolio of letters of guarantee existing at NBG Egypt. The portfolio has a distinguished group of prime clients and adds value to the bank. Tamer Mostafa – Senior Group Head for Business and Sustainable Development, signed on behalf of aiBANK, while Mr. Ernestos Panayiotou – General Manager of Transformation, Strategy and International Activities and Mr. Christos Christodoulou, General Manager – Group CFO signed on behalf of National Bank of Greece (NBG) Group. The deal was signed in the presence of Tamer Seif – CEO and Managing Director of aiBANK, Hisham Abdel Aal – Deputy CEO Support, Amr Gamali – Deputy CEO Business. Commenting on this, Tamer Seif, CEO, and Managing Director of aiBANK, expressed the pleasure of the bank’s management to reach this final agreement, as the portfolio has a distinguished group of prime clients and adds value to the bank. On the other hand, Ernestos Panayiotou, General Manager of Transformation, Strategy, and International Activities at NBG, welcomed this fruitful co-operation between two well-established financial institutions and acknowledged and recognized aiBank’s assistance in sealing this important deal.
