Time: December 21, 2019
World Finance, a London-based financial and banking industry magazine, has named Arab National Bank (ANB) the “Best Retail Bank” in Saudi Arabia for 2019, for the second year in a row. The magazine also named ANB Invest, the investment arm of the bank, the “Most Costomer-Focused Brokerage House” in MENA.
Dr. Robert Eid, managing director and CEO of ANB, said the achievement 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.”
Commenting on the “Most Focused Brokerage House in MENA” award, Bassam Al-Mubarak, CEO of ANB Invest, said: “Winning the coveted award bears testimony to the success of the company’s strategy, which focuses on providing an excellent customer service, anticipating and delivering on their expectations, and providing an integral platform of premium quality services and investment solutions, delivered by seasoned professionals.”
World Finance is an international bi-monthly print and online magazine providing comprehensive coverage and analysis of the financial industry, international business and the global economy. The magazine grants annual awards to various banking and investment sectors around the globe through a panel of judges comprising an elite group of subject matter experts. Winners for this year were based on a set of core standards, including the institution’s ability to return sustainable, consistent growth rates, plan effectively, innovate new products and services, and enrich customer relationship and experience.
ANB was established in 1979, by a royal decree, taking over the existing operations of Arab Bank in the Kingdom. It now ranks among the 10 to 15 largest banks in the Middle East. Headquartered in Riyadh, the bank is supported by regional offices in Jeddah and Alkhobar, and has a branch in London.