The Banker Magazine, owned by the Financial Times and based in London, named Arab Bank as Bank of the Year in the Middle East for 2024, for the second consecutive year. The announcement came during The Banker’s “Bank of The Year Awards 2024” ceremony held recently in London and attended by several senior representatives from leading banks from all over the world. 

The Banker’s judging panel’s decision to honor Arab Bank with this highly coveted regional award was based on criteria assessing a number of different indicators, including the Bank’s financials, strategy and performance, in addition to other specific indicators, a process that takes over 5 months to conduct.  

The Banker Magazine, for more than 90 years, has been the world's longest-running international banking title and the leading monthly journal of record for the global banking industry.

Commenting on this recognition, Miss Randa Sadik, Arab Bank’s CEO said: “This prestigious award is a testament to Arab Bank's leading position both locally and regionally.” She added: “We continue to achieve growth milestones across different segments, while working with varying market conditions. Our growth drivers include our well-diversified income streams across geographies, prudent risk management approach, unique cross-border capabilities and constant focus on improving our operating efficiency. Miss Sadik stated: “Through our digital strategy we continue to invest in transformative and innovative solutions to meet the evolving needs of our customers and communities across the MENA region.” 

Arab Bank received significant recognitions and awards from various reputed international and regional institutions including Best Bank in the Middle East for 2024 from New York-based Global Finance publication, for the ninth consecutive year.

Arab Bank, headquartered in Amman - Jordan, was established in 1930 and has one of the largest global Arab banking networks with over 600 branches. Arab Bank’s extensive network covers key financial markets and centers such as London, Singapore, Shanghai, Geneva, Paris, Sydney, Dubai, and Bahrain.

Arab Bank has recently launched its remote cheque deposit service through the bank’s e-platform for corporate clients “Arabi Connect”, thus becoming the first bank in Palestine to introduce this service to corporates. The newservice follows the recent launch of the bank's "Smart Cash Deposit" service, which allows corporate clients to securely and easily deposit cash and collections via dedicated smart deposit machines. These services come as part of the Bank’s constant efforts to enhance its banking services and keep pace with the requirements of the business sector within the highest levels of efficiency.

Through the new service, Arab Bank offers its corporate clients the ability to submit and deposit cheques remotely using the scanning technology on specialized optical devices. The cheques can then be submitted electronically using the “Arabi Connect” platform to be audited and sent for collection through the ECC service.  The service includes both cheques drawn on Arab Bank customers in Palestine, as well as cheques drawn on other local banks, noting that the original cheque must be physically submitted to Arab Bank on the next business day through the bank’s approved carrier partner.

The new service saves time and effort, guarantees speed in cheque collection, and facilitates the follow-up and verification processes for customers. The service also provides an integrated digital process that enables customers to track the status of their cheques, verify due dates, generate necessary reports and statements, in addition to extracting copies of the cheques without the need to visit the bank.

Commenting on the launch of this service, Mr. Yousef Al-Sadi, Country Head of Corporate & Institutional Banking at Arab Bank – Palestine, said: “Launching this new service, the first of its kind in Palestine, reflects Arab Bank’s leading role in adopting the latest technologies in the banking industry to enhance its corporate customers’ experience in line with the needs of this vital sector.” He added: “The remote cheque deposit service with its simple and fast steps is a value-added addition to the host of digital services provided by Arab Bank through its “Arabi Connect” platform. It offers customers an advanced banking experience that saves time and effort and allows them to deposit cheques without the need to visit the branch, unlike the recently launched "Smart Cash Deposit" service for corporate cash deposits.”

It is worth mentioning that the “Arabi Connect” platform offers a host of privileges designed specifically to provide Arab Bank’s corporate customers with flexibility and ease to carry out their banking transactions around the clock from anywhere. The platform offers many benefits including direct access to accounts, local and cross-border account management and reporting, cash and liquidity management, and much more. “Arabi Connect” platform is a leading digital solution offered to corporate customers in line with the latest advancements in the banking industry. 

Arab Bank continued its support to the “School Bags” initiative in collaboration with the Ministry of Social Development. The bank’s support comes as part of its commitment to fulfilling the basic needs of the less fortunate segments of the community, and its efforts in supporting the education sector, particularly underprivileged children by providing their essential school supplies.

For the seventh consecutive year, the bank distributed 3,300 school bags including stationary to students for the back-to-school season. The bags were distributed across Jenin, Tubas, Tulkarm, Jerusalem, Hebron, Bethlehem, and Jericho in collaboration with the Ministry of Social Development and its directorates.

Commenting on this initiative, Mr. Jamal Hurani, Country Manager at Arab Bank – Palestine, said: “This initiative comes as part of the bank’s constant efforts to support initiatives aimed at supporting the development of the local community, particularly those that contribute to poverty alleviation and the well-being of the underprivileged families.”

The Ministry of Social Development thanked Arab Bank’s for its vital role and contributions in serving the community, particularly the underprivileged segments. It also commended the initiative as a testament to Arab Bank's role in supporting underprivileged Palestinian families.

Since its launch, Arab Bank’s social responsibility program “Together” has been supporting community initiatives across the areas of education, health, environmental protection, poverty alleviation, orphan support, and women empowerment, which directly contribute to achieving sustainable economic, social and environmental development.

Arab Bank participated as a main sponsor of the second employment conference, "Towards a Green Economy," which was held at the Korea Palestinian Center in Hebron. The conference was organized by Hebron Governorate's three chambers of commerce, under the patronage of His Excellency Prime Minister Dr. Muhammad Mustafa, and witnessed wide attendance from ministers, government officials, representatives from local and international community institutions, as well as entrepreneurs and business owners from students and graduates.

The conference aimed at raising awareness about economic development and promoting investment opportunities in green projects and clean energy. It also provided a platform for employment opportunities by connecting job seekers and graduates with institutions that support employment programs, business incubators, and Palestinian companies and entities. In parallel, the “Entrepreneurs Pavilion” took place to showcase various green projects developed by entrepreneurs, and an employment day was facilitated for local companies and local and international community institutions.

Commenting on this event, Country Manager at Arab Bank – Palestine, Mr. Jamal Hurani, said: "Arab Bank's sponsorship of the second employment conference, "Towards a Green Economy," reflects its strategy toward sustainability and its commitment to environmental, social, and governance (ESG) initiatives. This support includes fostering green entrepreneurial projects and promoting investment opportunities that create jobs and contribute to economic growth”. He added: “Arab Bank continuously seeks to support entrepreneurial ventures and encourage investment particularly in the green economy, while actively supporting the business sector by providing integrated banking services to corporates and SMEs, as well as delivering an exceptional banking experience to renowned businessmen.”

Arab Bank’s strategic sponsorship of this forum comes as part of its ongoing commitment to supporting events and forums that present the latest advancements in sustainability, financial technologies and business innovations contributing to accelerated investment and promoting sustainable development. 

As part of its continuous efforts to support the healthcare sector and contributing to the development health service provided to citizens, Arab Bank recently supported the Ajja Ambulance and Emergency Center through donating several necessary medical equipment to the center, enabling it to serve a wider segment of patients in line with its social responsibility.  

This donation comes as part of Arab Bank’s constant commitment to supporting the healthcare sector as a vital pillar of society, along with other key areas such as education, environmental protection, poverty reduction, and orphan support. It is also in line with the bank’s social responsibility program “Together” and entails equipping the center with 4 essential medical equipment, being the only operating medical center providing urgent and medical care to the area and serving seven neighboring towns with the population of 49 thousand individuals. The Ajja Medical Center provides emergency service around the clock with a designated ER area, a laboratory, and various clinics specializing in internal medicine, dentistry, general surgery, gynecology, orthopedics, and pediatrics, along with an emergency operating room.

Ajja Health Center management expressed their appreciation for Arab Bank's donation and support, which will enhance the level of healthcare services for patients in Ajja and neighboring towns, alleviating the burden of seeking treatment in other areas.

It is worth mentioning that Arab Bank has provided its support to various healthcare initiatives based on priority and urgent need. The bank has previously equipped several healthcare centers and hospitals across Palestine with necessary medical equipment and machines. This includes a mammogram machine for Nablus Health Directorate, ultrasound machines and laboratory equipment for Tulkarm Health Directorate, dialysis machines for a number of hospitals, and the full equipment of the new Ras al-Fara'a Health Center.

The Union of Arab Banks has named Ms. Randa Sadik, Arab Bank’s Chief Executive Officer, the Arab Banker of the Year 2024.

The honoring took place during the opening of the International Arab Banking Summit, which was organized by the Union of Arab Banks in Istanbul on May 23rd and 24th.

Ms. Randa Sadik was honored in recognition of her substantial contributions to the development of the Arab banking sector, fostering banking relations among Arab and global markets. As CEO of Arab Bank, one of the most prestigious banks in the region that has one of the largest global Arab banking networks, Ms. Sadik has played a pivotal role in driving economic and social development within the region.

Ms. Sadik assumed the position of Chief Executive Officer at Arab Bank in 2022, after serving as Deputy CEO since 2010. Her banking career spans 38 years, commencing in 1986 at National Bank of Kuwait. During her 24-year tenure there, she held various leadership roles, the last of which was the General Manager of the International Banking Group in London and Kuwait. 

It is worth noting that Ms. Sadik was ranked sixth on Forbes Middle East’s list of the 100 most powerful businesswomen in the Middle East for 2024.   

Ms. Sadik holds an MBA degree from the American University of Beirut.

Arab Bank has recently renewed its cooperation agreement with the SOS Children's Villages -Palestine, which entails the sponsorship of two additional family homes. This agreement comes as part of the bank’s constant efforts to support community initiatives aimed at providing a decent living for children deprived of familial support as part of its CSR program “Together”.

The bank’s support covers the basic needs for children such as education, clothing, food, health, and psychological care in addition to the ongoing expenses for two homes in the village for an entire year. Each home supports seven children ensuring that every child belongs to a family and grows with love, respect and security, helping them to become active and independent members of the society.

Ms. Ghada Al-Issa/Herzallah, National Director of SOS Children's Villages, expressed her pride in the ongoing strategic collaboration with Arab Bank since 2012, which enables the SOS Children’s Villages to continue providing holistic alternative care. This covers various needs including food security, housing, education, health and psychological care, economic security, protection, and community integration for the children and youth who lack it.  

For his part, Mr. Jamal Hurani, Country Manager at Arab Bank – Palestine stated that the agreement renewal reaffirms Arab Bank’s commitment to vital community initiatives that support children who lost parental/family care, and provide a decent livelihood for them, along with a promising future in collaboration with the SOS Children’s Villages – Palestine.

Arab Bank has recently launched its "Smart Cash Deposit" service, a value-added addition to the host of unique services offered to its corporate customers, both locally and abroad. This comes as part of its constant efforts to provide the latest banking solutions and services that meet the needs of its customers across the different sectors. 


The new service enables Arab Bank corporate customers to deposit business-related cash and collections easily and securely through a smart deposit machine. Dedicated smart deposit machines are provided to companies contracted with the bank, allowing for instant crediting into their accounts upon deposit approval. 


Commenting on the new service, Mr. Yousef Al-Sadi, Country Head of Corporate & Institutional Banking at Arab Bank – Palestine, said: “The launch of the Smart Cash Deposit service reflects Arab Bank’s commitment to adopting the latest advancements in the banking industry to serve its corporate customers. This saves them time and effort when transferring cash, and reduces risk related with cash logistics.”


It is worth mentioning that Arab Bank is one of the leading banks in adopting advanced banking solutions and services. The bank offers a variety of innovative solutions and services for corporate clients to help them execute their local and international banking transactions seamlessly and efficiently through its one of a kind "ArabiConnect" platform in Palestine. Additionally, Arab Bank provides specialized business centers equipped with the latest technology in Ramallah, Hebron, and soon in Nablus, to offer a comprehensive suite of services (One-Stop-Shop) to ensure an exceptional banking experience for corporate clients. Arab Bank was recently awarded the "Best Bank in the Middle East 2024" by the New York-based Global Finance magazine for the ninth consecutive year.

Arab Bank has renewed its collaboration with the Ministry of Social Development to donate food parcels to underprivileged families during the holy month of Ramadan. This comes as part of the bank’s social responsibility and its constant efforts to support less fortunate families in the community and provide them with their basic needs.

Through this agreement, several parcels containing 19 food items that include all the basic nutritional elements were distributed to beneficiary families through the Ministry of Social Development across six main governorates; Jenin, Tulkarm, Nablus, Azariah/Jerusalem, Yatta/Hebron, and Jericho. Arab Bank employees volunteered to help package and prepare the food parcels, translating the bank’s commitment to involve its employees in different voluntary initiatives that help reinforce their social responsibility and giving spirit.

This collaboration has been renewed for the fourth consecutive year due to its important role in supporting families in need and enhancing the initiative’s impact by providing these families with their basic food needs, thus contributing to achieving social solidarity across the community.

In addition to distributing food parcels, Arab Bank’s cooperation with the Ministry of Social Development also entails a series of annual initiatives through which school bags, winter blankets and other necessities are distributed to families in need, which helps alleviate their burdens.

Since its inception, Arab Bank’s social responsibility program “Together” aims to serve the community in areas related to education, health, environmental protection poverty alleviation, orphan support, and women empowerment to contribute to achieving sustainable social, economic, and environmental development.

Arab Bank has recently launched a new service through its “Arabi Mobile” App, allowing online bank account opening, easily and securely by using smartphones and tablets.

The new service comes as part of Arab Bank’s constant efforts to provide the latest digital banking solutions for its customers replacing branch visits with a host of advanced digital banking services. The service enables individuals of different age groups residing in Palestine who are eligible to open a bank account to do so by downloading the "Arabi Mobile" App through App Store, Google Play, or Huawei AppGallery, and use the option "Open New Account" available through the app to enter the required information and attach the needed papers. Customers are also able to connect their existing Visa debit card to the new account without the need to visit the branch.

Commenting on the launch of the new service, Mr. Wael Al-Khatib, Head of Consumer Banking at Arab Bank – Palestine, said: "We continuously seek to enhance our digital banking services in order to provide our customers with the best value propositions designed to meet their needs and lifestyle in line with the latest technologies in the banking industry.” He added: "Through the new service available on the “Arabi Mobile” App, we offer a simple and secure digital platform to individuals, enabling them to seamlessly open Arab Bank accounts and enjoy the services offered without the need for branch visits, saving time and effort.”

In addition to the “Arabi Mobile” app, Arab Bank provides its customers with a comprehensive range of digital banking solutions, including: state-of-the-art ATM machines, Drive Thru ATMs, self-service branches in Al-Tireh – Ramllah, and Rawabi City. This is in addition to a host of around-the-clock services that enable customers to carry out transactions easily and securely and communicate in real-time with a bank representative through the Interactive Teller Machine (ITM).