| 30 Apr 2010 |
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Arab Bank reiterates Importance of Lebanese market
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Beirut-Lebanon, 30th April 2010 - Arab BankArab Bank
, the largest banking group in the Middle East, held a reception at the Four Seasons Hotel-Beirut on Wednesday 28th April 2010 in honor of the Lebanese clients and public figures in the country.The VIP event was attended by Mr. Abdel Hamid Shoman Executive Chairman, and the Board of Directors of Arab BankArab Bank, hosting Lebanese statesmen, prominent Business leaders and local dignitaries.
Mr. Shoman commented on the occasion by saying:" For more than 66 years, Arab BankArab Bank enjoyed a continued and solid presence in the Lebanese market, one of the most important markets of the Levant Area and the Arab World".
Arab BankArab Bank has opened its first branch in Lebanon in 1944, and now boasts a highly qualified team of more than 200 executives and employees, and has expanded to 13 branches across the country, to continue to provide superior and most advanced Banking services to Lebanese customers.
Mr. Shoman concluded by saying: "Arab BankArab Bank
enjoys a long standing relationship with a number of reputable clients from the elite of the Lebanese business community, and has played for many years a pivotal role in financing a number of major projects throughout Lebanon, one of our important markets in which we are present".Established in 1930, Arab BankArab Bank, the first private sector financial institution in the Arab World, is ranked amongst the largest international financial institutions, with ratings of (A3) by Moody's and (A-) by both S&P and Fitch. In 2009, Arab Bank GroupArab Bank Group achieved pre-tax profit US $782.8 million; total assets reached US $50.6 billion, while shareholders' equity equaled to US $8.1 billion. Arab BankArab Bank has an unmatched global Arab branch network with over 500 branches spanning five continents, and locations in key financial markets and centers such as London, New York, Dubai, Singapore, Zurich, Paris, Frankfurt, Sydney and Bahrain.
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About Arab BankArab Bank:
Established in 1930, Arab BankArab Bank, the first private sector financial institution in the Arab World, is ranked amongst the largest international financial institutions, with ratings of (A3) by Moody's and (A-) by both S&P and Fitch. In 2009, Arab Bank GroupArab Bank Group achieved pre-tax profit US $782.8 million; total assets reached US $50.6 billion, while shareholders' equity equaled to US $8.1 billion. Arab BankArab Bank has an unmatched global Arab branch network with over 500 branches spanning five continents, and locations in key financial markets and centers such as London, New York, Dubai, Singapore, Zurich, Paris, Frankfurt, Sydney and Bahrain. For more information please visit www.arabbank.com
For more information please visit www.arabbank.com
For more information, please contact:
Blanche Baz
Memac Ogilvy & Mather - Lebanon
Tel: +962 6 5524287
Fax:+962 6 5533487
Email: blanche.baz@ogilvy.com
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