Private Banking
Private Banking at Europe Arab Bank is all about providing a service that is appropriate to our valued High Net Worth customers. That service relates to the management of their wealth with a view to ensuring the following main objectives:- a high degree of wealth creation and
- wealth preservation through the management of risk
- exposing them to a diversified portfolio of assets and markets and
- reducing the risk involved in certain products or markets through the provision of an appropriate capital guarantee
Solid Foundations
The Arab Bank Group enjoys a strong and sound financial and credit position primarily because of the prudent policies that the Group has always pursued; these policies are designed to ensure effective risk management in the markets in which we operate.Arab Bank’s profits before taxes and after provisions exceeded $1 billion at the end of 2008 compared with $964 million in 2007, a growth rate of 10%. Customer deposits grew to $31.4 billion in 2008 compared to $24.7 billion in 2007 and increase of 27%. These deposits constituted 69% of Arab Bank Group’s assets despite the global financial crisis.
Our Group's policy has and continues to be focused on maintaining high percentages of liquidity and a liquidity ratio that is considered the highest among banks at the regional and international levels.
Europe Arab Bank is a member of the UK Financial Services Compensation Scheme, which covers deposits held with EAB's UK and European branches. Click here to download the Fact Sheet that provides more details about the scheme.