AFS and Arab Bank announce a joint agreement

Notes and media contacts

About AFS:

Founded in 1984, AFS is the region's leading provider of electronic -payments and consumer finance outsourcing services. Created by the financial industry to service and support financial institutions in the region and beyond. AFS is owned by 45 of the region's leading banks and currently provides outsourcing services to over 50 banks and financial institutions.

Through leveraging best-in-class technology and know-how, AFS provides clients with reliable, efficient and easy-to-use systems, supported by processing services for their card issuing, merchant acquiring and consumer finance. The comprehensive range of services offered by the company include application and transaction processing, authorizations, customer service, card issuance, fraud detection and reporting, statement issuing and dispatching, dispute and chargeback processing, reporting, settlement, reconciliation and loyalty programs.

About Arab Bank:
Arab Bank is headquartered in Amman, Jordan, with 7300 employees operating in 32 countries around the world. The Bank has total consolidated assets of about US$27 billion and total shareholders equity of about US$3.5 billion. Established seventy-five years ago, Arab Bank has grown to become one of the largest financial institutions in the Arab region, and is the bank of choice for many leading global companies and financial institutions that do business in the Middle East and North Africa. The Arab Bank offers variety of banking and financial services that fulfill the needs of its ambitious clients. It offers these services to the clients, companies, government institutions and International institutions. The services include depositing, loans facilities, money transferring, Mutual Funds and stocks. Arab Bank is consistently receiving strong ratings from banking regulators worldwide, it was recently named Bank of the Year for Jordan in 2005 by Euromoney and the Banker Magazine respectively.


Media Contacts
Radwa Allabban
PR Senior Account Manager
Memac Ogilvy Public Relations
Tel: +973 17578726
Email: radwa.allabban@ogilvy.com