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Arab Bank has recently launched an updated version of its “Arabi Mobile” app in Bahrain with a new design allowing customers to carry out many banking transactions online around the clock using their smartphones and tablets with utmost ease, flexibility, and security.


The launch of the new version of the application comes as part of Arab Bank’s constant efforts to deploy the latest digital banking solutions, offering its customers a seamless banking experience.

The application’s new features include: the ability to modify the home screen, customize the display of accounts and cards according to customers’ evolving needs, utilize the new favorites section for frequently used products and services, as well as the ability to pin any of the customers’ favorite services on home screen. The update also introduces a “More” menu offering customers quick access to any product within set categories, and the new search feature with shortcuts for most-used services. The new version of Arabi Mobile app is available to Arab Bank customers through Apple Store, Google Play and Huawei AppGallery. 

It is worth mentioning that Arab Bank offers its customers a comprehensive range of digital banking solutions, which include in addition to “Arabi Mobile” app and “Arabi Online” service, the contactless “BandPay” bracelet and mobile sticker, allowing Arab Bank customers to conduct cardless transactions easily, safely and conveniently, saving them time and effort. Arab Bank’s customers can issue both the contactless bracelet “BandPay” and mobile sticker instantly and free of charge through any of the bank’s branches in Bahrain.
 
*Licensed as a Conventional Retail & Wholesale Bank by the CBB. This service is available to our Retail Bank customers – individuals accounts only and not for corporate accounts.
 
Nov 28, 2021
Arab Bank Launches the New Version of Arabi Mobile App in Bahrain
Arab Bank Launches the New Version of Arabi Mobile App in Bahrain
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Arab Bank Group reported net income after tax of $271.7 million as compared to $215.2 million for the same period last year, recording a growth of 26%. Arab Bank consolidated the financial statements of Oman Arab Bank under its Group accounts increasing total assets by $8.4 billion to reach $63.7 billion compared to $52.5 billion for the same period last year.

Customer deposits grew by 24% to reach $46.6 billion, while loans grew by 28%, to reach $34.1 billion. The consolidation of Oman Arab Bank has materially increased customer deposits and loans by $7 billion and $7.5 billion, respectively.

Mr. Sabih Masri, Chairman of the Board of Directors remarked that the solid results demonstrate the bank’s strategic directive to maintain sustainable growth despite the challenging environment and highlighted that the bank continued focus on its digital transformation strategy.

Mr. Nemeh Sabbagh, Chief Executive Officer, commented that the Bank robust performance confirms its effectiveness in operating in a challenging economic environment with net operating income increasing by 6% to reach $856.9 Million. He added that the Group enjoys high liquidity and a strong capital base with a loan to deposit ratio of 73.1%, equity of $10.4 billion, and a capital adequacy ratio of 16.8%. The Group continues to hold credit provisions against non-performing loans in excess of 100%.

Mr. Sabbagh also noted that the bank has launched Reflect, the first Neobank in Jordan, which provides a branchless experience to millennials and facilitates their daily lifestyle activities from one banking app.

Mr. Masri highlighted Arab Bank's capacity to successfully overcome challenges and achieve strong results and stressed Arab Bank's commitment to its customers and shareholders.

Oct 31, 2021
Arab Bank Group profits grow by 26% for nine months 2021
Arab Bank Group profits grow by 26% for nine months 2021
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ARAB BANK IS LICENSED AS CONVENTIONAL RETAIL & WHOLESALE BANK BY THE CBB
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