ARAB NATIONAL BANK: WHERE EXPERTISE MEETS REPUTATION IN ASSOCIATION WITH
ARAB NATIONAL BANK
DIGITAL REPORT 2020
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ARAB NATIONAL BANK: WHERE EXPERTISE MEETS REPUTATION
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A R A B N AT I O N A L B A N K
One of the largest banks in the EMEA region, Arab National Bank has created a legacy based on expertise, innovative services and customer trust
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ounded in 1979, Arab National Bank (ANB) has risen in stature to become one of the top banks in the Middle East region.
Having taken over operations of the pre-existing ‘Arab Bank in the Kingdom of Saudi Arabia’, ANB relocated its headquarters to the country’s capi04
tal of Riyadh, with regional offices in Jeddah and Khobar and an established international presence in London, UK. Serving over two million customers via a workforce of 3,770 people in 156 branches, the bank continues to pursue a customer-centric goal which has become enshrined as its corporate motto and mantra: to be “a friend indeed” to its clients. Not content with merely offering a limited suite of products, ANB prides itself on a comprehensive portfolio of personal, commercial and investment services. Catering to its customers’ daily needs, the bank operates 1,240 ATMs, 18,000 POS terminals and a 24/7 customer service centre. In addition, fully embracing the possibilities of e-banking and online digital facilities, ANB’s customers can manage their money on a laptop, smartphone or via a ‘digital branch’. The bank’s
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A R A B N AT I O N A L B A N K
“ The bank continues to pursue a customercentric goal which has become enshrined as its corporate motto and mantra: to be “a friend indeed” to its clients”
accounts can also be connected with Apple Pay and Mada Pay for fast contactless payments, a practical necessity which has taken on particular importance since the COVID-19 pandemic made the handling of physical cash a potential health hazard. For payment transactions outside of Saudi Arabia, ANB offers its TeleMoney Service which has been facilitating long-distance payments since 1992. Customers can transfer money to 95 global locations, including India,
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Pakistan, Indonesia, Egypt and more.
Saudi National Day at Arab National Bank CLICK TO WATCH
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1:51
07 No less flexible or inclusive with
developing products that are compat-
corporate clients as it is with individu-
ible with the Islamic Shariah Principles
als, ANB is experienced at providing
of banking. Currently offering two such
financial products and services to
services - morabaha and tawarruq - all
large and medium-sized enterprises,
of its new output will be carefully moni-
particularly in the manufacturing, trad-
tored and reviewed by a dedicated
ing and IT sectors. Services include
Committee for compliance.
but aren’t limited to: short, medium and
Receiving widespread industry
long-term loans, bill payments, bonds
praise for the quality of its overall
and letters of credit. Although a large-
performance, ANB continues to excel
scale, international operation, ANB still
through a focused drive that empha-
manages to offer clients a personal
sises strong relationships with
service by assigning each company an
investors and a progressive stance
officer to act as a consistent point of
on implementing the latest financial
contact. The bank is in the process of
services technology. Upon receiving w w w.a nb. com . s a
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“ No less flexible or inclusive with corporate clients as it is with individuals, ANB is experienced at providing financial products and services to large and medium-sized enterprises”
Argaam’s ‘Top Performing Fund’ award for its ‘Al-Arabi Saudi Equity Fund’, Bassam AlMubarak, CEO of ANB Invest (the Group’s investment arm) commented, “We are proud to bring this coveted award home from among all Saudi Equity Funds. The award speaks to the knowledge, expertise and outstanding performance of the Company’s team.” Additionally, upon ANB’s winning the ‘Best Retail Bank in Saudi Arabia’ category at the 2019 World Finance awards, Dr Robert Eid, Managing w w w.a nb. com . s a
A R A B N AT I O N A L B A N K
1979
Year founded
$673mn+ Revenue in US dollars
3,770 10
Number of employees
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“ IANB makes it clear that the best banks do not simply focus on growing their own brand, but rather contribute to the economic and social development of the country they operate in”
Director and CEO of Arab National Bank, was said to have “expressed his pride in this achievement, which is a result of the bank’s relentless efforts of investing in cutting edge technology, expanding the digital branch network and developing ADCs to keep pace with the digital transformation in line with the Kingdom’s Vision 2030.” ANB makes it clear that the best banks do not simply focus on growing their own brand, but rather contribute to the economic and social development of the country they operate in. Established as one of Saudi Arabia’s
General management of Arab National Bank CLICK TO WATCH
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0:30
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A R A B N AT I O N A L B A N K
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“ ANB is an organisation based on decades of expertise, a fundamental grasp on the direction that banking is travelling towards and most importantly trust�
premier project financiers, ANB possesses an innate understanding of the local market, its regulations and available opportunities. As such, it is able to offer end-to-end support on every aspect of project finance, from arranging loans to debt syndication and agency services. Other services include credit products, bridge loans, hedging facilities and more, all with the capacity to be fully Shariahcompliant if needed.
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ANB is an organisation based on
to support its aspirations. As the
decades of expertise, a fundamental
financial services market continues
grasp on the direction that banking
to change in new and unpredict-
is travelling towards and most impor-
able ways, ANB will remain at the
tantly trust. “Our promise is to earn
forefront by applying its persistently
your friendship by being transparent,
high-quality standards to the latest
committed and making sure you are
technology-driven trends, ensuring
always satisfied,� it says on the web-
that its customers receive some of the
site. With a BBB+ S&P rating and net
best banking experiences available,
profit of USD$947mn for 2019 (up
not just in Saudi Arabia but the world.
7.3% on the previous year’s figure), the bank has strong, healthy credentials w w w.a nb. com . s a
P0WERED BY
ARAB NATIONAL BANK
www.anb.com.sa