Arab Bank selected best Bank in Jordan and Yemen for 2008

The selection was made by a specialized research team, advisers and jury members on the basis of a set of criteria that include growth in assets, profitability, strategic relationships, customer services, competitive pricing, and innovative products.

This award underlines the soundness of the Banks vision and the distinction it has achieved in its business and the banking services it offers with high professionalism, applying the best standards that govern these services taking it to global levels".

Arab Bank's excellence is reflected in the diversity of the awards it wins every year, a clear indicator of sound policies and plans.

These awards also point to the Bank's deep understanding of the accelerating developments in the banking world and the comprehensive outlook that has earned the Bank a pioneering status at the local and regional levels, as reflected in the size of achievements made and the competitive and sizeable financial and banking capacity the Bank enjoys.

The awards are evidence of the sustained high level of performance and services and the dedication of the Bank's team in pursuit of the high status Arab Bank has reached..

By the end of 2007, Arab Bank Group's profits crossed the $1bn mark, while assets grew to $38.3bn and shareholders equity to $6.9bn. Total balance sheet stood at $54.8bn.

Global Finance award is the latest in a chain of prizes the bank has recently harvested in recognition of its policies and the confidence it has gained among rating agencies and other institutions that evaluate banking performance.