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International Banker held its annual awards for acknowledging top banking institutions across the globe. The Canadian Imperial Bank of Commerce (CIBC) received awards in two categories: Best Customer Service Provider North America and Innovation in Retail Banking Canada.

Abdalla’s leadership of AAIB led it towards a decade (2002-2012) of unprecedented growth, a key reason that allowed it to weather the turbulence of Egypt’s uncertain future and to maintain its position as one of the country’s trendsetting financial institutions. His efforts resulted in AAIB’s acquisition of Misr America International Bank (MAIB) in 2005 and the establishment of four subsidiaries in 2008 that led to the transformation of AAIB into a fully-fledged financial group that includes Arab African Investment Holding, Arab African Investment Management, Arab African International Securities and Arab African International Mortgage Finance. AAIB recorded an accumulated net profit of $1.1bn over 12 years, which contributed to a rise in ROE from 6% in 2002 to reach 25% in FY2013.

International Banker held its annual awards for acknowledging the top banking institutions across the Middle East and Africa (http://internationalbanker.com/banking/international-banker-2014-middle-east-africa-awards/). The Co-operative Bank of Kenya received awards in two categories: Innovation in Retail Banking and Best CEO Africa.