About Arab Bank Group

Arab Bank Group, together with its subsidiaries, provides various banking products and services. The company operates worldwide through its branches in Jordan and branches abroad. Also, the company operates through its subsidiaries and Arab Bank (Switzerland). The company offers current accounts, savings accounts, demand deposits, time deposits, notice deposits, and certificates of deposit. It also offers a variety of corporate and retail overdraft and credit cards facilities. Business Segments Corporate and Institutional Banking The company's Corporate and Institutional Banking (CIB) division manages the Group's corporate and institutional client base. It provides access to a full range of lending and financial solutions through an extensive branch network and electronic channels. CIB also offers a comprehensive range of advanced corporate digital banking solutions in line with the latest developments in the banking industry. The banking solutions offered are enriched by the company's global network, understanding of local markets, and in-depth expertise. Through its client-focused approach, CIB strengthens its franchise in key markets by building on and solidifying existing client relationships and adding new clients through targeted acquisition efforts. Treasury Group The company's Treasury manages the bank's liquidity and market risks, and provides expert advice and dealing services to its customers around the globe. The company's Treasury has a broad mandate, including the following responsibilities: To execute bond, foreign exchange, and money market transactions with market professionals. To support the distribution of foreign exchange, derivatives, and other treasury products to customers. To invest this liquidity prudently using the following instruments: Short-term placements with central banks; Short-term deposits with high quality banks; and a multi-currency portfolio of highly liquid bonds, treasury bills, and certificates of deposit. Treasury department offers a full range of treasury products and services to clients throughout the bank's network, whether they are exporters, importers, or savers. These risk management and hedging tools include a broad range of products and derivatives for clients who require protection from interest rate and foreign exchange risks. Consumer Banking Consumer Banking offers customers an extensive range of features and benefits through its vast branch network and integrated direct banking channels, both locally and regionally. Advanced digital solutions are important to the company's ability to serve customers efficiently and to streamline its internal operations. The company also focuses on providing its business partners with latest digital solutions that will enable them to expand their capabilities and enrich their offering. The company's family-focused model caters for the individual and family banking and non-banking needs of its customers, starting with its Arabi junior program, which is designed for children under the age of 18, through to its exclusive Elite program, which is offered to its high-net-worth customers. A key element of the bank's long-term strategy is to offer banking solutions and services at a regional level. The company does this by providing cross-border solutions and services to its Elite and Arabi Premium clients through the bank's branch network and online banking services. History Arab Bank Group was founded in 1930. The company was incorporated in 1930.

Country
Industry:
Commercial banks
Founded:
1930
IPO Date:
06/07/1994
ISIN Number:
I_JO1302311013
Address:
PO Box 950545, Amman 11195, Jordan
Phone Number
962 6 5600000

Key Executives

CEO:
El-Sadek, Randa Mohammad
CFO
Zayyad, Firas Jasir
COO:
Modave, Eric