Arab Bank is one of the largest financial institutions in the Middle East, founded in 1930 as the first private sector financial institution in the Arab world. Headquartered today in Amman, Jordan, it serves clients in more than 600 branches in 30 countries on five continents. Arab Bank is a publicly held shareholding company listed in the Amman Stock Exchange.
The bank is a major economic engine in Jordan and throughout the Middle East/Northern Africa, providing modern banking services and capital, and facilitating development and trade throughout the region. According to its website, the bank is the highest ranked by market capitalization and represents 28% of the Amman Stock Exchange. The U.S. Embassy in Jordan has noted the bank as a transparent, respected and beloved financial institution.
In 2012, Global Finance honored the bank with seven awards including Best Trade Finance Provider in the Middle East, Jordan and Yemen, Best Emerging Market Bank in Jordan and Yemen and Best Foreign Exchange Provider and Best Investment Bank in Jordan. In 2012, Euromoney named it Best Bank in Jordan for the fifth consecutive year. According to its 2010 Sustainability Report, J.P. Morgan honored Arab Bank Switzerland with the Quality Recognition Award for Outstanding Achievement 2009–2010 Best in Class.
Read more about Arab Bank: Arab Bank Today, Social Responsibility
Famous quotes containing the words arab and/or bank:
“As the Arab proverb says, “The dog barks and the caravan passes”. After having dropped this quotation, Mr. Norpois stopped to judge the effect it had on us. It was great; the proverb was known to us: it had been replaced that year among men of high worth by this other: “Whoever sows the wind reaps the storm”, which had needed some rest since it was not as indefatigable and hardy as, “Working for the King of Prussia”.”
—Marcel Proust (1871–1922)
“I have passed down the river before sunrise on a summer morning, between fields of lilies still shut in sleep; and when, at length, the flakes of sunlight from over the bank fell on the surface of the water, whole fields of white blossoms seemed to flash open before me, as I floated along, like the unfolding of a banner, so sensible is this flower to the influence of the sun’s rays.”
—Henry David Thoreau (1817–1862)