Arab Bank was recently recognized by the international banking publication, EMEA Finance with Best Foreign Exchange and Best Cash Management services awards in the Middle East for 2012. These recognitions are part of EMEA Finance’s Transaction Banking awards recognizing excellence in this field.
EMEA Finance considers various performance and structural factors when it comes to choosing the winners, such as market share and growth, innovation and corporate strategy. These awards also take into account the results of an online survey of corporate treasury teams across the region.
Mr. Nemeh Sabbagh, CEO of Arab Bank commented, “Arab Bank’s extensive global network of over 600 branches in 30 countries positions us as the leaders in cross-border services and at the same time allows corporate customers to leverage our network for their growing business needs.” Mr. Sabbagh added, “This award is a testament to our ongoing commitment to provide the highest standards in corporate banking services in the region.”
Ms. Nadya Talhouni, Senior Vice President- Head of Cash Management and Trade Finance at Arab Bank also added, “Arab Bank’s cash management offering includes an extensive product suite that enables our customers to effectively manage their liquidity and payment needs. We have placed special focus on our cash management offering to ensure that we provide comprehensive solutions and drive our customer’s business forward.” Ms. Talhouni concluded, “Being recognized for our FX services also reinforces the entire cash management proposition at Arab Bank, which is tailor-made to each customer with the ultimate goal of empowering them to effectively manage their business.”
These latest awards for Arab Bank complement many other recognitions received throughout the year, including Best Trade Finance Provider in the MENA region and Best Arranger for Project and Infrastructure Finance in the Middle East by Global Finance magazine. Arab Bank was also named Best Bank and Best Investment Bank in Jordan for the 4th consecutive year by EMEA Finance.