(Amman – Jordan, January 24th 2012):- Arab Bank was recently honored with the Best Trade Finance Provider award in the Middle East from Global Finance Magazine for the sixth consecutive year.
Arab received this award based on its transaction volume, scope of global coverage, customer service, competitiveness and innovation.
Nemeh Sabbagh, Chief Executive Officer of Arab Bank commented, “As one of the oldest banks in the Arab world we have long appreciated the role that trade relations play, not only in bringing the region together, but also in being an engine of economic growth.” Mr. Sabbagh further elaborated: “Trade finance has long been an integral component of Arab Bank ‘s business strategy; we understand our customers and we know how to help them navigate the region effectively.”
Nadya Talhouni, Senior Vice President- Head of Cash Management and Trade Finance at Arab Bank added, “Being recognized on a regional level is a reflection of the Bank’s commitment to its customers and the solid foundation of its operations.” Ms. Talhouni also said, “We remain focused on our customers and will work to exceed their expectations, be it in our product offerings or our service. Arab Bank’s team of qualified professionals is available across the network in over 500 branches across 30 countries to meet our customers’ trade finance requirements.”
“Now more than ever, the availability of trade finance at reasonable prices is crucial to the health of the global economy,” says Joseph D. Giarraputo, Publisher and President of Global Finance Magazine. “We have selected the banks that are best serving the needs of corporations worldwide as they engage in cross-border trade.”
About Arab Bank
Established in 1930, Arab Bank , the first private sector financial institution in the Arab world, is headquartered in Amman, Jordan. At the end of Q3 2011 Arab Bank Group achieved net profits of USD 428.7 million; total assets equaled to USD 45 billion, while shareholders’ equity reached to USD 7.9 billion. Arab Bank has a global network of over 500 branches in 30 countries spanning five continents and locations in key financial markets and centers such as London, New York, Dubai, Singapore, Zurich, Paris, Frankfurt, Sydney and Bahrain.