Arab Bank was awarded the title of "Regional Bank of the Year" for 2013 from Arabian Business - a leading business magazine in the Middle East during a ceremony held at the JW Marriott Marquis in Dubai. The Bank received this award in recognition of its leading banking services, positive performance and extensive role in the sustainable development of the Middle East region.
The ceremony was attended by Mr. Tony Blair - Former Prime Minister of the United Kingdom, leading economists and prominent businessmen, in addition to renowned intellectuals in the Middle East. The awards highlighted the roles of individuals and institutions that have excelled in their respective fields during the year. The Arabian Business awards are considered one of the most highly regarded honors in the business sector.
Commenting on this achievement, Mr. Nemeh Sabbagh, CEO of Arab Bank said: "We are proud to be named 'Regional Bank of the Year' for 2013 from Arabian Business magazine. This recognition affirms the Bank's leading role in the MENA region which is reinforced by its extensive regional and global network."
Mr. Sabbagh added: "The award is a testament to the Bank's experienced and capable employees as well as its strong performance and ability to overcome challenges and achieve sustainable profitability. It comes as yet another acknowledgment of the Bank's leading role in providing comprehensive banking solutions and its ongoing commitment to meeting the needs and expectations of its customers. "
About Arab Bank
Established in 1930, Arab Bank headquartered in Amman, Jordan is the largest global Arab banking network. Arab Bank Group has a global network of over 600 branches in 30 countries spanning five continents and locations in key financial markets and centers such as London, Dubai, Singapore, Zurich, Paris, Frankfurt, Sydney and Bahrain.
Arab Bank provides a wide range of financial products and services for individuals, corporations and other financial institutions. The Bank's products and services are divided into three main divisions: Consumer Banking, Corporate and Institutional Banking and Treasury services.
In the third quarter of 2013 Arab Bank Group achieved net profits of USD 559 million; total assets equaled to USD 45.9billion, while owners' equity reached 7.7USD billion.
www.arabbank.com
© Press Release 2013
