09/16/2012
BAGHDAD / JD / .. Arab Bank confirmed that the process of studying the presence in Iraq as part of his future plans, Mtdarka: but it needs to be assessed and thus to time.
The head of the Board of Directors of the Arab Bank Sabih Masri said in an interview with the magazine (Economics and Business) English: that the Council will rapidly in collaboration with the executive management plan to activate the bank guarantee his return to competition and to achieve growth and profitability, and the plan includes assessing presence geographical and operations of the Bank in order to bridge the gaps existing and strengthening branches or subsidiary banks and some restructuring with a focus on enhancing cooperation between the units and branches of the group, and keep the Palestinian identity of Jordan to the bank.
He stressed the importance that the Governing Council remains homogeneous and work in solidarity with the executive management represented by the CEO of the bank Nemeh Sabbagh.
The magazine reported in a comprehensive investigation that plan activation Bank concentrated in the switch current culture of the Arab Bank that need rehabilitation process, so that the new leadership is looking forward to evaluating the opportunities available to the bank in order to be activated and will no doubt trading in assessing presence geographical and operations of the Bank in order to bridge the gaps existing or strengthen the presence of branches or subsidiary banks and some restructuring with a focus on some topics, such as that the bank intends to activate the key markets such as Tunisia, where he works as a bank Tunisia has 120 branches across the country.
There is also a special attention in Egypt, where he owns a network of 26 branches as well as in Algeria, where enjoys a prime location in the financing of exports and business processes oriented, and there is also a re-evaluation of the contribution of the Bank at the Bank of Libyan Wahda with branches the 71 across Libya, noting that the Arab Bank right to raise its stake in Libyan bank to 51 percent before the passage of a particular order. It is expected to examine Bank Multi presence in Iraq as an Iraqi bank, but it needs to be assessed and thus to time. / End / / 22