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Arab Bank was the first
private banking institution in the Arab World. It has continued to operate
and grow over the past 80 years to now have the largest Arab banking branch
network in the world with over 500 branches across 30 countries spanning 5
continents.
It was the first Arab based bank to establish a presence in Switzerland with
the opening of a sister institution in 1962. Today Arab Bank has operations
in all the key worldwide financial centers including London, New York,
Dubai, Zurich, Singapore, Geneva, Paris, Frankfurt, China, South Korea,
Sydney and Hong Kong.
Globally the Bank offers a
range of products and services covering such things as personal and retail
banking, corporate and investment banking, private banking and wealth
management, treasury operations as well as trade finance and bancassurance
for individuals, corporations, government agencies and other financial
institutions.
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Often Arab Bank is appointed
as lead arranger and facilitator for national infrastructure projects and
large scale corporate syndication lending. The Bank throughout its 79 year
history and difficult worldwide economic and political times, has never
defaulted on any claims to customers or partners. Throughout worldwide
financial industries, Arab Bank is well known as a bank of quality and a
highly liquid institution. |
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Head office located in Amman Jordan, Arab Bank has a diversified financial
base with 70% of the Bank's assets, funding and revenues spread across 27
countries outside of Jordan. In Australia, the Bank are regulated by the Australian
Prudential Regulatory Authority (APRA). APRA is responsible
for regulating much of the financial industry, including insurance and
superannuation companies. Institution seeking to be prudentially regulated
as an authorised deposit-taking institution (ADI) is required to be
authorised under the Banking Act 1959 (the Banking Act). The Australian
Prudential Regulation Authority (APRA) is responsible for the
authorisation process.
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