Arab Bank is one of the principal financial institutions in the Arab banking world and ranks among the leading international banks in terms of equity, earnings and assets.
Arab Bank was established in 1930 in Jerusalem, Palestine. Later the Bank’s network of branches covered most of the Arab countries. The head office of the Bank was moved to Amman, Jordan in 1948. The establishment of Arab Bank (Swizerland) in 1962 launched Arab Bank’s expansion in the international financial centers. Currently, the Bank’s network of branches, subsidiaries and affiliates operates in all the major financial centers of the world with 350 offices in over 40 countries.
In addition to the major shareholding by members of the founding Shoman family, there are significant holdings by the Ministry of Finance, Saudi Arabia, the Kuwait Investment Authority and the Government of Qatar.
The Bank has approximately 3,300 individual shareholders.
Arab Bank provides a wide variety of financial services to individual, corporate and institutional customers, government agencies and other international financial institutions. These services include retail banking, private banking, trade financing, merchant banking, commercial banking, real estate lending and Islamic banking. The Arab Bank Group has an active involvement in project finance and limited recourse transactions in a wide variety of industrial sectors both within and beyond the Arab world.
Arab Bank employs a prudent asset management policy, which is centered on selecting a prime loan portfolio and at the same time, maintaining high liquidity. As a result, Arab Bank enjoys a Credit Rating of (AA-) from Thomson Bank Watch. |
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