Arab Bank Named Best Bank in the Middle East 2016
26 Feb, 2017
Arab Bank was named Best Bank in the Middle East 2016 by Asiamoney Magazine, a sister title of Euromoney based in Hong Kong and specialized in covering the financial and banking sector across Asia. The recognition came as part of a poll conducted by the publication which covered several banks from the Middle East region. The award is yet another testament to Arab Bank’s outstanding overall performance, its solid financial position as well as its prominence across the regional markets.
Arab Bank achieved this recognition based on numerus considerations by the magazine’s research specialists including: the Bank’s outstanding performance, quality service offered to the different sectors as well as its ability to cater efficiently to both customers’ and shareholders’ needs. Results of the poll were published within a summary of all banks’ performance during the year 2016 in the magazine’s latest issue.
In addition to the regional recognition, Arab Bank was also named the Best Bank in Jordan and Arab Bank’s CEO Mr. Nemeh Sabbagh was also granted the Outstanding Contribution to Finance award, in recognition of his efforts and contributions to the Arab Banking industry for more than 40 years. Mr. Sabbagh had previously been awarded the Outstanding Contribution to Finance award in the Middle East back in 2014 by Euromoney magazine and he has also been named during the same year as the Arab Banker of the Year by the Union of Arab Banks.
Commenting on this achievement, Mr. Nemeh Sabbagh stated, “Being selected for these prestigious awards from among the group of banks operating in the Middle East region is a true manifestation of Arab Bank’s leading position in the banking industry, both locally and regionally.” He further added, “For more than eight decades, Arab Bank has been and continues to be at the forefront of the MENA banking sector providing comprehensive and advanced banking services and solutions to its clients across the various segments. This is in addition to the major role the Bank continues to play in supporting economic growth across the region through its constant contributions to financing vital and infrastructural projects, as well as the intra trade across the Middle East and North Africa.”
It’s worth mentioning here that Arab Bank received several international awards and recognitions from prestigious organizations during 2016, most notably the awards of Best Bank in the Middle East from Global Finance and Best Bank in Jordan from Euromoney, Global Finance, EMEA Finance and The Banker magazines.