Global Finance names Arab Bank Best Emerging Market Bank in Jordan and Yemen in 2010

Global Finance editors used input from industry analysts, corporate executives and banking consultants to select the best emerging market bank in the region. "We remain in an unusually challenging environment for banks and their customers," says Joseph Giarraputo, publisher of Global Finance. "More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence."

Mr. Abdel Hamid Shoman, Executive Chairman of Arab Bank commented, "It is an honor to receive this award as it reflects all of our hard-work and efforts; not only in Jordan, but the Middle East as a whole. Our customers do have high standards and we are constantly working to provide them with the best services and products to better meet their needs."

Established in 1930, Arab Bank, the first private sector financial institution in the Arab World, is headquartered in Amman, Jordan. It is ranked amongst the largest international financial institutions, with ratings of (A3) by Moody's and (A-) by both S&P and Fitch. In 2009, Arab Bank Group achieved pre-tax and after provisions profit $782.8m; total assets reached $50.6bn, while shareholders' equity equaled to $8.1bn. Arab Bank has an unmatched global Arab branch network with over 500 branches spanning five continents, and locations in key financial markets and centers such as London, New York, Dubai, Singapore, Zurich, Paris, Frankfurt, Sydney and Bahrain.