| Arab Bank plc |
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Arab Bank was the first private banking institution in the Arab World. It has continued to operate and grow over the past 75 years to now have the largest Arab banking branch network in the world with over 400 branches across 29 countries spanning 5 continents. It was the first Arab based bank to establish a presence in Switzerland with the opening of a sister institution in 1962. Today Arab Bank has operations in all the key worldwide financial centres including London, New York, Dubai, Zurich, Singapore, Geneva, Paris, Frankfurt, China, South Korea, Sydney and Hong Kong. Globally the Bank offers a range of products and services covering such things as personal and retail banking, corporate and investment banking, private banking and wealth management, treasury operations as well as trade finance and bancassurance for individuals, corporations, government agencies and other financial institutions. Often Arab Bank is appointed as lead arranger and facilitator for national infrastructure projects and large scale corporate syndication lending. As such Arab Bank is rated A- from the international rating agencies Fitch and Standard & Poor's and A3 from the international rating agency Moody's. Financial performance of the Arab Bank Group has been impressive over the years with the final 2007 net income before tax result growing 22% to reach approximately USD one billion. 2007 net revenue was USD $1.66 billion. For the 2007 year, the value of assets within the Group was USD $38.3 Billion increasing 18.1%, whilst its shareholder reserves are USD $6.86 Billion. Headquartered in Amman Jordan, Arab Bank has a diversified financial base with 70% of the Bank's assets, funding and revenues spread across 27 countries outside of Jordan. The Bank throughout its 75 year historyand difficult worldwide economic and political times, has never defaulted on any claims to customers or partners. Throughout worldwide financial industries, Arab Bank is well known as a bank of quality and a highly liquid institution. |
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