Arab National Bank (ANB) is one of the top ten banks in the Middle East. ANB offers a full range of domestic and international commercial and Islamic products and services to the retail and corporate sectors. The Bank also offers a consultancy and investment, mutual funds and assets management, local & international equity trading, foreign exchange and treasury services.
Principal Activities: retail banking (deposit, credit and investment products for individuals), corporate banking (loans, deposits and other credit products for corporate, institutional customers, small to medium sized businesses), treasury banking (manages the Bank’s trading and investment portfolios and the Bank’s funding and liquidity, currency, and commission risk). Total assets: $28.3 billion (as of June 30, 2010).
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No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters