Elwy assumed the leadership of AAIB in 2018. The bank reported total assets worth $15.3 billion in 2021, an increase of 7.6% compared to 2020. Profits in 2021 hit $136.7 million compared to $80 million in 2020. AAIB partnered with digital platforms provider Liferay in February 2022 to accelerate the bank’s digital transformation and improve its website. Elwy also signed a $95.9 million contract with EDECS in February to finance a multipurpose marine station at El Dekheila Port in Egypt.
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