Arab Bank was recently honoured with the Best Trade Finance Provider in the Middle East award from Global Finance magazine at the Bankers’ Association for Finance and Trade (BAFT) and the International Financial Services Association (IFSA) global annual meeting in London.
Nemeh Sabbagh, Arab Bank’s CEO, commented, “Arab Bank plays an integral role in facilitating trade across the Middle East and North Africa. Backed by its extensive experience and deep understanding of the region and its needs, the bank has been, and continues to be, one of main drivers of economic growth in the Arab world.
“Trade finance represents one of our core strategic business lines and receiving this award reaffirms our position as the leading provider of trade finance solutions in the region. We are committed to continuous development in order to meet the needs of our clients and support their business growth locally, regionally and globally.”
Nadya Talhouni, senior vice-president, head of cash management and trade finance at Arab Bank, added, “The bank’s diverse geographical distribution in 30 countries and with more than 600 branches allows it to provide financial solutions for local importers and exporters, as well as multi-national companies that require trade finance facilities that span jurisdictions.”