Arab Bank

Arab Bank
Native name
البنك العربي
Company typePublic
Amman Stock Exchange
IndustryBanking
Founded1930 (1930)
Headquarters
Amman, Jordan
Area served
30 countries[1]
Key people
Sabih al-Masri (Chairman)
ProductsCurrent and saving accounts, Personal loans, Overdraft facility, Home loans, Car loans, Credit cards, Term deposits, Funds transfer, Currency exchange, Investment opportunities, Commercial lending, Project and structured finance, Private banking, Asset management, Brokerage, Money markets, Foreign exchange, Capital markets, Commercial lending, Term financing, Project and structured finance, Corporate finance and capital markets
US$820.5 million (2018)[2]
Total assets US$ 49.2  billion (2018)[3]
Total equity US$ 8,7  billion (2018)[3]
Number of employees
 6754 (2018)[4]
Subsidiaries
  • Arab Bank (Switzerland) Limited (sister institution),
  • Arab Bank Australia Limited,
  • Europe Arab Bank plc,
  • Islamic International Arab Bank plc,
  • Arab Sudanese Bank,
  • Arab Investment Bank S.A.L,
  • Arab Tunisian Bank,
  • Arab Bank – Syria,
  • Al Arabi Investment Group (AB Invest),
  • Arab National Leasing Company,
  • Al Nisr Al Arabi Insurance Company,
  • Al Arabi Investment Group Company
Websitewww.arabbank.com

The Arab Bank was founded by Abdel Hamid Shoman in Jerusalem, Palestine in 1930. It started with seven shareholders with a value of 15,000 Palestinian pounds, and after more than 70 years, the bank became a global institution, with assets amounting to 27.31 billion dollars in 2005. Net profits amounted to $618 million for the first nine months of 2016.

Its branches are spread over five continents around the world. The net profit reached $618 million in the first nine months of 2016

References

  1. ↑ Arab Bank Global Network Archived 11 March 2011 at the Wayback Machine Arab Bank
  2. ↑ "Arab Bank Investor Relations - Fact Sheet". Retrieved 25 July 2018.
  3. ↑ 3.0 3.1 "Arab Bank Investor Relations - Fact Sheet". Arab Bank. Retrieved 1 March 2018.
  4. ↑ "Arab Bank's "Our People" sheet". Arab Bank. Retrieved 1 March 2018.

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