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Arab Bank has recently received the “Best Bank in the Middle East 2024” award by New York-based international publication “Global Finance”, for the ninth consecutive year.

This global recognition was made by the editors of Global Finance after extensive consultations with corporate financial executives, banking consultants, and analysts throughout the world.

Global Finance considered several factors when selecting top banks, including asset growth, profitability, geographical coverage, strategic alliances, product innovation, and market expansion endeavors. The evaluation criteria also included the opinions of equity analysts, credit rating analysts, banking consultants, and industry participants.

Global Finance Awards cover more than 150 countries, territories and districts across Africa, Asia-Pacific, the Caribbean, Central America, Central and Eastern Europe, Latin America, the Middle East, North America, and Western Europe. 

Commenting on this recognition, Ms. Randa Sadik, Arab Bank’s Chief Executive Officer, said: "This global recognition for the ninth consecutive year is a testament to Arab Bank’s leading position across the MENA region banking landscape, reinforced by the bank's robust business model and its ability to achieve solid results despite regional and global challenges." Ms. Sadek added: “Through our established institutional approach and ambitious strategy, we are committed to providing integrated banking services across various sectors, delivering a comprehensive banking experience for customers supported by the latest digital banking solutions, both locally and regionally. "

It is worth mentioning that The Banker Magazine, owned by the Financial Times and based in London, has also named Arab Bank as Bank of the Year in the Middle East for 2023. 

Arab Bank, headquartered in Amman - Jordan, was established in 1930 and has one of the largest global Arab banking networks with over 600 branches. Arab Bank’s extensive network covers key financial markets and centers such as London, Singapore, Shanghai, Geneva, Paris, Sydney, Dubai, and Bahrain.
May 14, 2024
Arab Bank “Best Bank in the Middle East 2024”

Arab Bank has renewed its collaboration with the Ministry of Social Development to donate food parcels to underprivileged families during the holy month of Ramadan. This comes as part of the bank’s social responsibility and its constant efforts to support less fortunate families in the community and provide them with their basic needs.

Through this agreement, several parcels containing 19 food items that include all the basic nutritional elements were distributed to beneficiary families through the Ministry of Social Development across six main governorates; Jenin, Tulkarm, Nablus, Azariah/Jerusalem, Yatta/Hebron, and Jericho. Arab Bank employees volunteered to help package and prepare the food parcels, translating the bank’s commitment to involve its employees in different voluntary initiatives that help reinforce their social responsibility and giving spirit.

This collaboration has been renewed for the fourth consecutive year due to its important role in supporting families in need and enhancing the initiative’s impact by providing these families with their basic food needs, thus contributing to achieving social solidarity across the community.

In addition to distributing food parcels, Arab Bank’s cooperation with the Ministry of Social Development also entails a series of annual initiatives through which school bags, winter blankets and other necessities are distributed to families in need, which helps alleviate their burdens.

Since its inception, Arab Bank’s social responsibility program “Together” aims to serve the community in areas related to education, health, environmental protection poverty alleviation, orphan support, and women empowerment to contribute to achieving sustainable social, economic, and environmental development.

Arab Bank has recently launched a new service through its “Arabi Mobile” App, allowing online bank account opening, easily and securely by using smartphones and tablets.

The new service comes as part of Arab Bank’s constant efforts to provide the latest digital banking solutions for its customers replacing branch visits with a host of advanced digital banking services. The service enables individuals of different age groups residing in Palestine who are eligible to open a bank account to do so by downloading the "Arabi Mobile" App through App Store, Google Play, or Huawei AppGallery, and use the option "Open New Account" available through the app to enter the required information and attach the needed papers. Customers are also able to connect their existing Visa debit card to the new account without the need to visit the branch.

Commenting on the launch of the new service, Mr. Wael Al-Khatib, Head of Consumer Banking at Arab Bank – Palestine, said: "We continuously seek to enhance our digital banking services in order to provide our customers with the best value propositions designed to meet their needs and lifestyle in line with the latest technologies in the banking industry.” He added: "Through the new service available on the “Arabi Mobile” App, we offer a simple and secure digital platform to individuals, enabling them to seamlessly open Arab Bank accounts and enjoy the services offered without the need for branch visits, saving time and effort.”

In addition to the “Arabi Mobile” app, Arab Bank provides its customers with a comprehensive range of digital banking solutions, including: state-of-the-art ATM machines, Drive Thru ATMs, self-service branches in Al-Tireh – Ramllah, and Rawabi City. This is in addition to a host of around-the-clock services that enable customers to carry out transactions easily and securely and communicate in real-time with a bank representative through the Interactive Teller Machine (ITM).

 

Mar 3, 2024
Arab Bank Launches Its Digital Onboarding Service Through “Arabi Mobile” App