Islamic Finance News Portal – Bringing you the latest updates in global Shariah finance

Watch out for news alert!

Arab Bank receives 6 awards during IMF / IIF meetings in Washington

leave a comment »

Points of Essence:

  • Arab Bank won 6 awards from the Global Finance magazine at the side event of the IMF/IIF meetings. There has been a string of awards for the pioneering role of the Bank at the regional and global levels.

Arab Bank has recently participated in meetings of the International Monetary Fund (IMF) and International Institute of Finance (IIF) in Washington, DC in October.

The sessions were dedicated to discuss the current global financial situation and other developments in the industry.

The IIF Annual Membership Meeting brought together more than 800 leading bankers representing IIF member banks and firms from around the world.

On the sidelines of the sessions, Global Finance magazine organized a ceremony to present its awards to the winning banks in different categories. Arab Bank’s Executive Vice President for Branding Dina Shoman accepted six awards on behalf of the bank.

Shoman noted that the awards are a source of pride for the Arab Bank family as they reflect the bank’s leading position in the markets where it operates. The prizes, she said, coupled with the high ratings which Arab Bank has obtained illustrate Arab Bank’s ability to keep up with the various accelerating developments in the global banking industry while maintaining and increasing its financial strength.

In recognition of its pioneering role at the regional and international levels, Arab Bank has -for the past few years- earned several high-ranking ratings from the major rating agencies such as Fitch and Standard and Poor’s, which rated the bank A-, while and Moody’s gave it A3.

The awards included: Best Trade Finance Provider in MENA and Jordan, Best Foreign Exchange Provider in Jordan, Best Bank in Jordan, Best Bank in Yemen, and Best Islamic Financial Institution in Non-GCC MENA countries, which was won by its fully-owned subsidiary, the Islamic International Arab Bank (IIAB).


Written by Suapi Shaffaii

November 9, 2008 at 10:57 pm

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: