Arab Bank has been named "The Middle East’s Best Bank 2019" by Euromoney – London. The announcement was made at the Euromoney Middle East Awards for Excellence 2019 ceremony. The awards program covers 20 global awards, more than 50 regional awards and best bank awards in close to 100 countries.
Based on a comprehensive assessment, the selection criteria for the award took into account Arab Bank’s strong financial performance across key metrics, its differentiated business model founded on the core strengths of its franchise, its ability to adapt to changing market and regulatory conditions, its commitment to innovation, in addition to its established track record of delivering on its targets to shareholders and commitment to its clients.
Commenting on this award, Mr. Nemeh Sabbagh, Chief Executive Officer of Arab Bank stated: "We are honored to receive this global recognition which comes from one of the world’s leading financial publications.” Sabbagh added: “The award reaffirms Arab Bank’s leading regional position, as we continue to deploy our regional & global network to offer our clients, across all sectors, comprehensive banking solutions supported by seamless digital banking services and channels.”
Arab Bank was also named “Best Bank in the Middle East 2019” by Global Finance magazine – New York (for the fourth consecutive year). In addition to the Middle East’s Best Bank award, Arab Bank was also recognized by Euromoney as “Jordan’s Best Bank 2019” and “Palestine’s Best Bank 2019”.
The Bank’s record of regional awards from reputable international parties also includes: “Bank of the Year in the Middle East 2017” award from The Banker magazine – London (published by the Financial Times) and “Best Bank in the Middle East 2016” from Asiamoney magazine – Hong Kong.