Our bridge to MENA proposition is focused on supporting clients wherever in Europe and the MENA region you live, work or do business.
Clients of Europe Arab Bank benefit from being part of a leading regional banking group with a long history of service, a global network and a presence in key financial markets and centres.
We combine traditional values with a progressive, international outlook. We are proud to have served high net worth individuals, entrepreneurs, families, corporations and institutions for generations.
Our people are respectful, considerate and responsible corporate citizens who aim to make a positive contribution to the communities in which we work and do business.
Europe Arab Bank Board of Directors
Nemeh Sabbagh
Chairman
Nemeh Sabbagh served as Chief Executive Officer of Arab Bank from until From January until December , he was the Executive General Manager and Board Member of BankMed in Lebanon. Previously, he was Managing Director and Chief Executive Officer of Arab National Bank in Riyadh, Saudi Arabia, and before that with National Bank of Kuwait, the Industrial Bank of Kuwait, First Chicago in Chicago, and the World Bank
CAN YOU OUTLINE ARAB BANK’S MAJOR COMPETITIVE ADVANTAGES FOR FOREIGN INVESTORS?
With over eight decades of experience operating in the Middle East and as the largest global Arab banking network with over branches across 5 continents, Arab Bank continues to be a primary gateway to and from the MENA region. The Bank’s extensive global network makes it uniquely positioned to help international companies tap into Middle East markets and at the same time act as a primary enabler and supporter of local companies with international growth ambitions to expand their business within the region and globally. This has always been, and will continue to be, one of Arab Bank’s unique competitive advantages.
Arab Bank was able to reinforce its position as an economic bridge during its long history by relying on a deep and thorough understanding of the region, a historically-proven prudent approach and well-diversified income streams. All of this has enabled the Bank to deliver solid performance and unparalleled ability to serve its customers across the different markets and sectors as well as protecting the interests of its shareholders.
HOW WOULD YOU APPRAISE TH
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Regional powerhouse Arab Bank reaches its year milestone this year. Nemeh Sabbagh, CEO, talks to Global Finance about current challenges and opportunities.
Global Finance: Arab Bank, which has built a sizable network in one of the world’s most unstable regions, is turning 90 years old this year. How do you balance risk and growth?
Nemeh Sabbagh: Since its establishment in , the bank has developed a deep understanding of the region and its stakeholders. We are deeply rooted across almost all the Arab countries, where we operate as a local bank as opposed to a branch of a foreign bank. Our operating environment faces complex challenges, risks and opportunities. Arab Bank continues to deliver a very consistent performance, with steady organic growth and sustainable increases in profitability and return on equity.
Arab Bank relies on prudent business policies, a sound institutional approach and proven and unique cross-border capabilities. The bank also has a primary focus on safeguarding customer deposits, making us a flight-to-safety bank during turbulent times. We develop long-term customer relations while serving the local communities in which we operate. Arab Bank em
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