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InterviewsSeptember 2 2019

Arab Bank chief looks to diversification and digitalisation

Jordan-headquartered Arab Bank is optimistic it can build on its profitability and growth record, despite regional pressures. Chief executive Nemeh Sabbagh talks to John Everington about the bank’s outlook and challenges.

by John Everington

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Q: What is the outlook for 2019 and 2020 in terms of Arab Bank’s net profit and credit growth?

A: The bank has managed to grow its business and profitability under varying regional circumstances, while providing excellent service to customers and delivering steady returns to shareholders. Overall, Arab Bank Group continues to enjoy strong liquidity and robust capitalisation.

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John Everington

John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.

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