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Editors have permission to delete the "External links modified" sections if they want, but see the RfC before doing mass systematic removals. I have just modified 4 external links on Arab Bank. When you have finished reviewing my changes, you may follow the instructions on the template below to fix any issues with the URLs. During the nationalization wave of the s, Arab Bank lost a total of 25 branches. Although it closed branches in the Middle East, the bank continued to expand in other parts of the world.
In , the bank opened its first international location, becoming the first Arab financial institution to establish a presence in Switzerland. Under his leadership, Arab Bank reopened operations in Syria in , and took steps to commence its activities in Iraq, circumstances permitting.
Also, the group established Arab Bank-Syria. Following the Oslo Peace Accords between Israel and Palestine, at the invitation of Israel, Arab Bank opened branches in several Palestinian towns with broad governmental support. Today, Arab Bank provides consumer banking services, as well as corporate and institutional banking services to individuals, corporations, government agencies and other international financial institutions.
In both instances, Moody's noted the decision was based on an analysis of political instability in the region. The index includes the top 50 Pan Arab companies based on their performance on almost Environmental, Social and Governance ESG metrics, and uses an innovative ESG score-weighting scheme to ensure stocks with higher ESG scores have a greater influence on the index than those with lower ESG scores. As the only Jordanian organization ranked among the top 10 organizations in the Arab world, Arab Bank has shown great progress in its ESG performance throughout the years.
During , the Bank was ranked at the fifth level and was able to move up to the fourth level during , with a total weight of 2. Since , the bank has held a regulatory compliance summit with speakers from across the international banking community to discuss and learn more about the compliance environment.
In , Arab Bank created the Abd Al-Hameed Shoman Foundation to promote social development in the Arab world in the fields of science and the humanities. It is one of the only foundations created by a private sector company in Jordan.
In March , Arab Bank Chairman Abdel Hamid Shoman announced the Bank would be partnering with the private sector and allocating one million Jordanian Dinars for development projects to help fight against poverty and unemployment in Jordan. On 26 February the Israel Defense Forces confiscated funds from Arab Bank's and Cairo-Amman Bank's Ramallah branch in connection with an investigation into whether certain account holders were supporting terrorism.
In , the U. In a civil litigation action filed in , Israeli resident Mati Gill sued Arab Bank for damages under the Anti-Terrorism Act for injuries he sustained in an alleged terrorist attack in Israel in Several civil lawsuits have been filed against the Bank in the U. They allege that the Bank held accounts for individuals and organizations that, in turn, supported terrorist activities. Arab Bank Plc , U. Edit Read in another language Arab Bank.
Arab Bank Native name. List of banks List of banks in Jordan. Retrieved 25 July Check date values in: Retrieved 12 January Retrieved 17 November Retrieved 2 June