The Arab Bank, headquartered in Amman, Jordan, was established in 1930. Arab Bank has one of the largest global Arab banking networks with over 600 branches spanning five continents.
Arab Bank offers a wide range of banking products and services that meet the needs of individuals, corporates and other global financial institutions. These banking services are focused in four main sectors namely retail banking, corporate services, financial institutions and treasury business.
The bank also has a prominent presence in the major financial markets and centres around the world such as London, Dubai, Singapore, Shanghai, Geneva, Paris, Frankfurt, Sydney and Bahrain. Arab Bank has a sister company and a group of subsidiaries.
The first branch of the Arab Bank in Egypt was established in 1944, and its headquarters is located in Cairo. It provides various banking and financial services to customers through a wide network of branches and ATMs distributed over the main cities and governorates. The Bank was awarded the Best Bank in the Middle East for the year 2021 for the sixth year in a row, by Global Finance magazine.
It has 44 branches to serve the need of its clients.
Arab Bank recently launched the second edition of its FinTech Bootcamp for entrepreneurs in Egypt.
The launch of the second edition, organized by “AB Accelerator” in Egypt, comes as part of the bank’s strategic efforts to foster and support innovation in the FinTech sector towards offering responsive and agile banking solutions in line with the evolving needs and expectations of customers across different segments.
Arab Bank Group reported a net income after tax for the first half of 2022 of $252 million as compared to $182.4 million for the same period last year, recording an increase of 38%.
The Group loan portfolio grew by 6% to reach $35.7 billion as of June 30, 2022 compared to $33.8 billion for the same period last year, while customer deposits grew by 2% to reach $47.1 billion compared to $46 billion for the same period last year. The increase in loans and deposits in most areas of operations are in line with the Bank’s sustainable growth strategy to expand and diversify its clients, loans and deposit base. The Group maintained its strong capital base with a total equity of $10.2 billion.
