Arab Bank named ‘best bank’ in Mideast
New York, March 19, 2014
Jordan-headquartered Arab Bank has been named the best bank in the Middle East region this year by Global Finance Magazine.
The annual awards for the World’s Best Banks in Developed and Emerging Markets were selected after extensive consultations with corporate financial executives, bankers and analysts throughout the world, said a statement.
The criteria for choosing the winner included growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.
The subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.
A poll of Global Finance’s corporate readership was also conducted for the first time to increase the accuracy and reliability of the results.
The Bank of America was named the best bank in North America, ING in Western Europe, Nordea in the Nordic region, Raiffeisen Bank International in Central and Eastern Europe, Banco Santander in Latin America, DBS Bank in Asia-Pacific and the Standard Bank in Africa.
Joseph D Giarraputo, publisher and editorial director of Global Finance, said: “The banks that Global Finance is honouring set themselves apart by anticipating and responding to the specific needs of their customers, which vary greatly from country to country and region to region.”
“With the recovery from the financial crisis moving along slowly, these banks have performed the best under very difficult conditions,” he added. - TradeArabia News Service