Arab Bank Received the Middle East’s Best Trade Finance Provider 2021 Award
Recently, Arab Bank was honored with the “Best Trade Finance Provider 2021 in the Middle East” award by Global Finance, a New York-based international publication at the Bankers’ Association for Finance and Trade (BAFT) and the International Financial Services Association (IFSA) global annual meeting in London.
This honor is considered as the acceptance of the bank’s influential position in the area along with its excellent capabilities in facilitating up-to-date banking solutions and trade finance instruments that cater to the clients’ emerging requirements across different sectors.
To select this Arab bank for the mentioned award, an evolution process was held by a panel of the magazine’s editors with information data from global financial analysts, corporate executives, and innovation specialists. The parameters for picking the victors involved the exchange volume worldwide coverage extent, client service, competitive prices, and current technologies.
This worldwide recognition is a demonstration of Arab Bank’s outstanding performance and long achievement record driven by its procedural vision and continuous efforts towards considering the latest technologies in the banking sector to offer smooth and well-organized banking experiences to its customers. It is also considered an expression of its basic role in encouraging trade across the Middle East and North Africa by conveying a thorough range of financial solutions and services that are in accordance with the most recent developments in the banking industry locally, regionally, and worldwide.
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According to Nemeh Sabbagh, Arab Bank’s Chief Executive Officer, “Arab Bank plays an important role in providing trade across the Middle East and North Africa. Supported by its great experience and understanding of the region and its requirements, the bank has been and continues to be one of the main leaders of economic development in the Arab world.” He further added that “Trade Finance consists of one of our influential business areas and getting this award re-establish our role as the crucial provider of trade finance services in the area. We are focused on continuous development to cater to the needs of our clients and aid their business growth worldwide. ”
Arab Bank has one of the largest global Arab banking networks with over 600 branches in five continents as well as immense experience in trade finance and a thorough understanding of the region, thereby reconfirming the bank’s abilities to fulfill its clients' emerging needs across nations.
It is also essential to mention that Arab Bank also received various global recognitions during the past year among which the most noticeable award was the “Best Trade Finance Provider 2021 in the Middle East” award from Global Finance for the fifth consecutive year. The list of awards also includes “Best Bank for Cash Management in the Middle East'' from Global Finance, “Best Trade Finance Services in the Middle East” from EMEA Finance, “Cash Manager of the Year in the Middle East” from Global Investor/ISF. Additionally, the bank also received the “Best Mobile Banking App in the Middle East” award from Global Finance for its suitable corporate digital banking services.