The year 2000 has witnessed continued and increased efforts by
the Arab Bank to maintain its strategic position by accommodating
to changes in the international banking environment. These included
several initiatives to ensure a positive long-term impact.
The Arab Bank has persistently followed the development in the
banking industry as they have rapidly unfolded over the past period.
These involved technological advances, globalization, an increased
role for international monetary authorities, and their mandatory
regulations for all financial institutions in the international
arena. On the regional front, privatizations, the developments
of the emerging Arab capital markets and the growth of several
Arab economies have been taking place.
The result and impacts of such factors have been closely monitored
by the Arab Bank. New and vast opportunities have opened up while
some of the most traditional activities have slowly receded.
A new generation of clients with different needs, has become
the focus of banking activities that have multiplied and evolved
to more sophisticated levels.
Fierce competition has arisen with the increased use of electronic
trade and the influx of international banks to the Arab region
which is our domain and primary source of a diversified client
The Arab Bank has prudently faced these changes by capitalizing
on its strengths, of which a strong financial position is a core
element, driven by high quality ratios and capital adequacy levels
which surpass the requirements of the Basle Committee on Banking
Supervision. Another key strength is the wide base of loyal clients
to whom we are respectfully committed. Moreover, our long-standing
history and knowledge of the Arab World support our unlimited
growth in the region and presence in the world markets.
In pursuing our objectives, I have assigned the mission of reviewing
and updating our strategy and work plans to a Task Force comprised
of selected Executives of the Bank. This task force will present
recommendations for adapting to these changes and enhancing our
competitiveness in present and prospective markets.
Over the year, we have also reorganized our branches in Europe
and the United Arab Emirates by establishing a Regional Management
for each, in a move to improve efficiency by pooling our resources,
eliminating redundancy and increasing both returns on investments
As the Arab Bank commemorated its 70th anniversary with the turn
of the century, I would like to emphasize that our institution
clearly assesses surrounding and forthcoming events and has the
tenacity to meet changing events in such a way as to affirm its
leading role amongst the largest banking institutions of the world.
Board of Directors