Arab Bank wins Best Loan Deal of the Year Award

Published May 2nd, 2009 - 03:43 GMT
Al Bawaba
Al Bawaba

Arab Bank has been awarded the "Best Loan Deal of the Year- Middle East Award" for the year 2009 by The Banker magazine, a renowned publication specialized in banking and financial institutions.
The winning of the award asserts the leading role assumed by the banks and its status and distinguished abilities in the field of financing management and provision. The magazine stressed that Arab Bank has proved its excellence in offering the loans necessary to execute investment projects in various economic sectors.
The award winning also deepens the excellent reputation Arab Bank has earned among financial and economic circles as it has always played key roles in funding economic projects through flexible and innovative tools.
The award judges relied in their evaluation on a set of criteria like the bank's ability to meet the needs of customers, the time needed to execute the loan agreement, pricing performance and innovation.
The magazine also highlighted Arab Bank's ability to maintain an excellent performance despite the difficult economic conditions sweeping the world as a result of the global financial crisis.
Arab Bank is exerting relentless efforts to develop its banking operations on the one hand and upgrade its services, including electronic services, using the latest banking technologies in the world so that it will remain the ideal choice for customers and be always able to meet their changing needs.