Jordan's Best Bank for Asia 2018
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.
There are larger and better-resourced lenders in the region to be sure, but few can claim to be as adept at maximizing their resources. Arab Bank, led by chief executive Nemeh Sabbagh, clearly sees Asia as a key long-term growth market.
It has offices in South Korea, China and Singapore, with more openings planned in the years ahead. Its presence in east Asia and southeast Asia has “allowed it consistently to be in contact with and close to Asian multinationals”, the bank says, and to provide them with much-needed banking services in Jordan and across the Middle East.
“With its unique network and a team of professionals around the globe, Arab Bank is uniquely positioned to bridge Asia Pacific with Middle East and North African markets,” the bank says.
Jordan has been working hard to build a 21st century economy, with plans to build highways, dams, renewable energy hubs, and water treatment and desalination plants.
Asia’s leading infrastructure specialists and heavy manufacturing experts are well placed to offer those services, and Arab Bank is in a perfect position to provide working capital and to meet their day-to-day financial and transactional needs.