Operations
As of 2008, the bank had a network of branches, representative offices, subsidiaries and affiliates in over twenty one countries around the World, including most principal international financial centres such as London, New York, Bahrain, São Paulo, and Singapore. Its branch networks are situated in Jordan, Algeria, Tunisia, Egypt, Tripoli, Paris, Grand Cayman, Milan, Frankfurt, Madrid, Stockholm, Istanbul, Beirut, Abu Dhabi, Tehran,and Baghdad.
The bank provides a range of banking services and its branches focus principally on wholesale commercial and corporate banking, project & structured finance, treasury and trade finance services, while its subsidiaries concentrate on the domestic retail and corporate banking sectors. An Investment Banking division was established in 2006 which provides additional services in corporate finance, debt, capital markets, equity placement and direct equity trading.
In March 2011, when Libyan assets were frozen by orders of the United Nations and the United States, the Arab Banking Corporation obtained an exemption that allowed them to continue to operate, so long as they did not engage in any transactions with the Libyan government.
Read more about this topic: Arab Banking Corporation
Famous quotes containing the word operations:
“It may seem strange that any road through such a wilderness should be passable, even in winter, when the snow is three or four feet deep, but at that season, wherever lumbering operations are actively carried on, teams are continually passing on the single track, and it becomes as smooth almost as a railway.”
—Henry David Thoreau (1817–1862)
“A sociosphere of contact, control, persuasion and dissuasion, of exhibitions of inhibitions in massive or homeopathic doses...: this is obscenity. All structures turned inside out and exhibited, all operations rendered visible. In America this goes all the way from the bewildering network of aerial telephone and electric wires ... to the concrete multiplication of all the bodily functions in the home, the litany of ingredients on the tiniest can of food, the exhibition of income or IQ.”
—Jean Baudrillard (b. 1929)
“Plot, rules, nor even poetry, are not half so great beauties in tragedy or comedy as a just imitation of nature, of character, of the passions and their operations in diversified situations.”
—Horace Walpole (1717–1797)