ARAB BANK GROUP 24 Feb, 2015
Arab Bank received the Best Trade Finance Bank in the Middle East award from Global Finance Magazine at the Global Annual Meeting of the Bankers' Association for Finance and Trade (BAFT) held recently in Amsterdam. The bank was awarded in recognition of its transaction volume, scope of global coverage, customer service, in addition to its competitiveness and innovation.
Randa Sadik - Deputy CEO at Arab Bank said, "This international recognition reaffirms Arab Bank's position as the leading provider of comprehensive banking solutions to customers across a wide range of business sectors at a local and regional level." She added, "Guided by our extensive experience and deep understanding of the region, we continuously strive to meet the needs of our customers and enhance our competitiveness, utilizing our global branch network, qualified and professional staff, and advanced technologies."
Nadya Talhouni - Senior Vice President - Head of Cash Management and Trade Finance at Arab Bank said, "We are proud to be awarded the best bank for trade finance in the Middle East as trade finance represents one of our core strategic business lines. We are committed to offering the latest banking technologies and innovative solutions for all of our customers, ranging from local importers and exporters to regional and multi-national companies requiring trade finance facilities that span jurisdictions."
The editors of Global Finance selected the best trade finance providers based on input from industry analysts, corporate executives and technology experts. In addition, a poll of Global Finance's readership was conducted in order to increase the accuracy and reliability of the results.
The award adds to the list of distinguished international awards Arab Bank has received from prestigious organizations last year, including the Best Bank in the Middle East 2014 award from Global Finance, Best Trade Finance Provider in the Middle East from EMEA Finance magazine and Best Cash Manager in the Middle East 2014 from Global Investor/ISF magazine published by Euromoney.
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