07 Dec, 2009

Standard and Poor's, the international credit rating agency has affirmed on December 1st, 2009, the foreign currency rating of Arab Bank Group at “A-“ long-term with “STABLE” outlook. The rating reflects Arab Bank's superior geographic diversification, robust capitalization, strong liquidity and solid track record of good asset quality.

Established in 1930, Arab Bank is one of the oldest, largest and most diversified financial banking groups in the Middle East with an asset base that is geographically diversified over 30 countries. As of September 30, 2009, the Group’s total assets reached $ 49.6 billion, with liquidity and as represented by cash and quasi cash amounting to 48%. Loan to Deposit ratio stood at a comfortable level of 66%, with customer deposits reaching $ 33.9 billion and forming 68% of the balance sheet. Total Equity exceeded $ 8 billion whilst capital adequacy ratio and as calculated in accordance with Basel II requirements is at 16.3% with Tier 1 ratio being at 15.7%.