Arab Bank
Jordanian bank / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Arab Bank?
Summarize this article for a 10 year old
Arab Bank is a Jordanian bank that is one of the largest financial institutions in the Middle East. It is headquartered today in Amman, Jordan, and operates as a universal bank that serves clients in more than 600 branches spanning five continents. Arab Bank is a publicly held shareholding company listed on the Amman Stock Exchange.
Native name | البنك العربي |
---|---|
Company type | Public |
XAMM:ABCO | |
Industry | Banking |
Founded | 1930; 94 years ago (1930) |
Headquarters | |
Area served | 30 countries[1] |
Key people | Sabih al-Masri (Chairman) |
Products | Retail banking, Commercial bank, and Investment banking |
US$851.3 million (2022)[2] | |
Total assets | US$ 64.5 billion (2022)[3] |
Total equity | US$ 10.4 billion (2022)[3] |
Number of employees | 7620[4] (2023) |
Subsidiaries |
|
Website | www |
The bank is a major economic engine in Jordan and throughout the Middle East and North Africa region, providing banking services and capital, and facilitating development and trade throughout the region. According to its website in 2018, the bank was the highest-ranked by market capitalization, and represented approximately 25% of the Amman Stock Exchange.[5]
U.S. appellate courts have ruled in the bank's favor in several lawsuits filed in the 2000s alleging its involvement in facilitating the funding of terrorist organizations.[6]