Standard and Poor’s affirms High Ratings for Arab Bank Group

Press release

Published December 27th, 2010 - 12:01 GMT

Mr. Abdel Hamid Shoman, Executive Chairman of Arab Bank

Standard and Poor's, the international credit rating agency has affirmed on December 22, 2010, the ratings of Arab Bank Group at “A-” with “STABLE” outlook.

The ratings reflect Arab Bank's strong financial strength, high asset quality and robust capitalization as represented by its high capital adequacy ratios that exceed the requirements set by regulatory authorities. The ratings further reflect the bank's conservative approach in managing risks, and its prudent balance sheet management and liquidity.

Mr. Abdel Hamid Shoman, Executive Chairman of Arab Bank stated that the affirmation of the distinguished ratings, notwithstanding the global financial crises, reflects the Bank's sound banking strategies and the confidence of the rating agencies."

Background Information

Arab Bank

Arab Bank headquartered in Amman, Jordan has one of the largest global Arab banking networks with over 600 branches spanning five continents. Arab Bank provides a wide range of financial products and services for individuals, corporations and other financial institutions. The Bank’s products and services cover Consumer Banking, Corporate and Institutional Banking and Treasury services. Arab Bank’s extensive network covers key financial markets and centers such as London, Dubai, Singapore, Geneva, Paris, Frankfurt, Sydney and Bahrain. Arab Bank has the following sister company, subsidiaries and affiliates companies: