Arab Bank named Best Trade Finance Provider in the Middle East for 2014
Arab Bank was recently honored with the Best Trade Finance Provider award in the Middle East from Global Finance Magazine at the Bankers’ Association for Finance and Trade (BAFT) and the International Financial Services Association (IFSA) Global Annual Meeting held in London. Arab Bank received this award based on its transaction volume, scope of global coverage, customer service, competitiveness and innovation.
Nemeh Sabbagh, Arab Bank’s Chief Executive Officer commented, “Arab Bank plays an integral role in facilitating trade across the Middle East and North Africa. Backed by its extensive experience and deep understanding of the region and its needs, the Bank has been, and continues to be one of main drivers of economic growth in the Arab world.”
Mr. Sabbagh further elaborated: “Trade finance represents one of our core strategic business lines and receiving this award reaffirms our position as the leading provider of trade finance solutions in the region. We are committed to continuous development in order to meet the needs of our clients and support their business growth locally, regionally and globally.”
Nadya Talhouni, Senior Vice President- Head of Cash Management and Trade Finance at Arab Bank added, “The Bank’s diverse geographical distribution in 30 countries and over 600 branches allows it to provide financial solutions for local importers and exporters, as well as multi-national companies that require trade finance facilities that span jurisdictions.”
Talhouni also said, “The Bank’s comprehensive approach to trade finance ensures Arab Bank’s competitive edge, be it in service excellence, pricing, product type and expertise provided in all countries of operation and at high-standards as expected by our clients around the world.”
“Now more than ever, the availability of trade finance at reasonable prices is crucial to the health of the global economy,” says Joseph D. Giarraputo, Publisher and President of Global Finance Magazine. “We have selected the banks that are best serving the needs of corporations worldwide as they engage in cross-border trade.”