Arab Bank named Bank of the Year 2017 in the Middle East by The Banker Magazine
11 Dec, 2017
The Banker Magazine, published by the Financial Times Ltd., selected Arab Bank as Bank of the Year in the Middle East for 2017. The announcement came during The Banker’s “Bank of The Year Awards 2017” ceremony held recently in London and attended by 350 senior representatives of more than 120 banks from all over the world.
The Banker Magazine is the world’s longest running international banking title. For 90 years, the publication has been the leading monthly journal of record for the banking industry, globally. The judging panel’s decision to honour Arab Bank with this highly coveted regional award was based on criteria assessing a number of different indicators, including the Bank’s financials, strategy and performance, in addition to other specific indicators.
Commenting on the award, Mr. Nemeh Sabbagh CEO of Arab Bank said, “Such recognition is a testament to the leading position Arab Bank enjoys both locally and regionally. It reflects the Bank’s consistent ability to deliver solid performance despite the challenging circumstances and developments across the region.” He added, “We will continue to deploy our longstanding banking experience, thorough understanding of the region and extensive footprint spanning five continents, to serve our clients and provide them with integrated financial solutions that meet their evolving needs and expectations.”
During the same ceremony, Arab Bank was also named Bank of the Year in Jordan for 2017.
Arab Bank received significant recognition and awards from various reputed international and regional institutions during the year, including Best Bank in the Middle East for 2017 from both New York-based Global Finance publication and The Union of Arab Banks.