Jordan

Arab Bank, which won Asiamoney’s best bank honours last year, spent the second half of 2020 and the first half of 2021 reminding clients why it is deserving of that award, plus more, this year.

Arab Bank, which won Asiamoney’s best bank honours last year, spent the second half of 2020 and the first half of 2021 reminding clients why it is deserving of that award, plus more, this year.

Arab Bank, which won Asiamoney’s best bank honours last year, spent the second half of 2020 and the first half of 2021 reminding clients why it is deserving of that award, plus more, this year.

Arab Bank emerges as the obvious winner of this award. It dominates both its home market and beyond, with 600 branches scattered across five continents, including Asia and Europe.

Amman-based Arab Bank opened its first representative office in Beijing in 1985, long before most lenders had even considered committing time and resources to the People’s Republic of China, and followed up with a second rep office in Shanghai in 1996. In the years that followed, Arab Bank steadily built up its regional presence. Chief executive Nemeh Sabbagh oversaw the process as Arab Bank extended its reach to South Korea and Singapore, enabling it to keep in touch with Asian companies and with Jordanian firms operating across the region.

Jordan’s economy has held up remarkably well, given the civil war that continues to rage just over its northern border. Amman-based Arab Bank continues to impress, reporting an increase in revenues, operating profit and loans in the full year 2017.