Arab Bank Group
Europe Arab Bank is part of the. Established 90 years ago, the group has a global network of more than 600 branches across five continents.
Vision & Values
Our niche proposition is focused on supporting clients wherever in Europe, North America and the MENA region they live, work or want to do business.
We aim to make a positive contribution to the communities in which we work and do business. Our people are respectful, considerate and responsible corporate citizens.
- Standard & Poor's 2019: BB+
Managing our business
Corporate responsibility is managed within the wider framework for managing our business and in accordance with the high standards of corporate governance that we aim to maintain across all areas of our firm.
Policies and procedures
We have procedures for all our responsibilities that cover regulation, risk and compliance issues, the health, safety and security of our employees and staff, social, ethical and environmental issues.
We appreciate the importance of minimising the impact of our business on the environment and do so wherever possible through the efficient use of energy and resources and by deploying recycling initiatives.
Vision & Values
Clients come first; we offer a strategic relationship tailored to meet clients' needs and which helps them realise their goals in the recognition that satisfied clients will lead to the long-term success of our business.
We are collaborative in our approach – across our business, our group and towards our clients – in order to deliver the best possible products and solutions teamed with service that clients can depend on.
Europe Arab Bank is proud of its heritage as a trusted bank and advisor. As a public quoted company and part of a group with a reputation for prudence, clients can depend on us to act with care and have confidence in our competence.
We take our responsibilities towards the custody and investment of our clients' money / assets very seriously and act with due diligence and integrity. Our people are respectful and considerate members of the global community and behave as responsible corporate citizens. We aim to make a positive contribution to the communities in which we work and where we do business.
Knowledgeable and progressive
We place a high value on knowledge and expertise and have a progressive outlook. We are committed to building on our many years' experience and first-hand knowledge and understanding of the economic, political, social and commercial issues in Europe and MENA to the benefit of our clients - as locals operating in the region and as an international bank with access to a global network.
Proud of our diversity
EAB views its diversity as a strength. It plays a positive role in forging meaningful working relationships that lead to effective outcomes for our clients, our business and our shareholders.
INVESTORS IN PEOPLE
We first achieved the award in 2009. Companies are reassessed every three years in order to ensure they maintain the standard, and since our initial assessment the IIP have introduced additional levels of recognition – Bronze, Silver and Gold.
The assessor's report notes that particular areas of strength for EAB include:
- Our learning and development strategy
- Our managers' alignment with our values
- Our managers are highly aware of the knowledge, skills and behaviours they require
- We recognise learning is an everyday occurrence
- We have well developed KPIs, performance review systems and monitors.
The IIP accreditation is a national quality standard designed to help companies improve their business performance through their people. In achieving the Silver award we have demonstrated our continued commitment to empowering employees, supporting a company-wide culture of learning and creating a high-performance environment that delivers the ultimate value to clients.
About Investors in People
The UK’s leading people management standard, Investors in People (IIP) provides a simple and flexible framework helping thousands of organisations of all sizes and sectors to improve their business performance. Across the country IIPUK’s Delivery Partners work with almost 40,000 organisations employing 7.5 million people to develop the management and development of their teams.
IIP was launched in 1991 and is maintained by the UK Commission for Employment and Skills.
Corporate Social Responsibility
It is one of EAB’s objectives to ensure that it is a responsible corporate citizen and that its people are empowered to work ethically, be charitable and where possible, invest back into the communities in which it operates.
EAB promotes charitable giving through its ‘£FOR£ Scheme’ which incentivises employees to raise money for charity, internally and externally, by matching any money which they have raised up to a maximum amount.
EAB employees undertake various activities within the Bank to help raise money for charitable organisations. They also raise money outside of the Bank by participating in sponsored events such as running marathons, hiking up mountains and taking part in bike races. All of these efforts benefit from the ‘EAB £FOR£ Scheme’, raising even more money for worthy causes.
Some of the charities which have benefitted from EAB's '£FOR£ scheme' include: Children in Need, Jeans for Genes, Parkinson's UK, GOSH, Cancer Research, Kidney Research UK, Action on Pre-Eclampsia, St. Christopher's Hospice, The Brompton Foundation, Barnardo's and many more.
Investing in the Community
EAB believes it is important to give something back to the societies in which it operates and endeavours to be part of active programmes of engagement with local communities. The Bank is currently a corporate partner of Westminster Kingsway College’s (WKC) Enterprise Society, which works alongside the Peter Jones Enterprise Academy to encourage and nurture the entrepreneurial spirit of students within the College.
Through the Bank’s work with the Society, it has sponsored awards and events and has been involved in workshops and seminars with students of the Peter Jones Enterprise Academy, Enterprise and Entrepreneurship BTEC. Senior managers from the Bank have also provided coaching and mentoring support to students working on their entrepreneurial business proposals.
As part of EAB’s partnership with the college, it has been able to offer work experience placements for some of the students, enabling them to gain an enhanced understanding of the ‘world of work’.
Other initiatives which the Bank has supported include:
• Being partners of the SKILL! Programme; a programme of workshops which invites students to develop business ideas, with the help of local professionals, which they then present to a panel of experts. EAB staff volunteered as mentors at the event.
• Presenting at seminars and offering work experience placements for students from various schools, colleges and universities.
• Participating in the London Borough of Tower Hamlets Primary School Reading Programme
• Sponsorship of a local youth Football Team
EAB is committed to reducing its impact on the environment and actively seek the most sustainable solutions to our day to day activities.
Our people ensure that all of our paper waste is recycled and that, where they can, they conserve energy in all our offices across Europe.
Work Experience and Internship Placements
EAB provides work experience and internship placements and believes that such programmes are key to the development of the skills and competencies which are needed to succeed in the workplace. Although the Bank can only provide a limited number of placements due to the size and structure of the organisation, it acknowledges the benefits that placements can have for students and EAB employees alike.