(MENAFN Editorial) In recognition of Arab Bank's global cash management offering and performance in the corporate banking services field during the year, the Bank was awarded the title of Best Cash Manager in the Middle East 2013 by Global Investor ISF Magazine (published by Euromoney) during a ceremony held in Doha recently. Arab Bank was recognized for its successful business strategy and achievements in the cash management field as well as its continuous innovation in banking products and services for corporate customers.
Nemeh Sabbagh, Arab Bank's Chief Executive Officer said, "The Bank's extensive presence in five continents with over 600 branches across 30 countries positions it as the leading provider of cross-border services and the ideal partner for regional and international corporations looking to expand their business." Sabbagh added: "This award reaffirms our continuous commitment toward providing innovative cash management solutions to our corporate customers while maintaining high-standards of service."
Nadya Talhouni, Senior Vice President- Head of Cash Management and Trade Finance at Arab Bank said, "Arab Bank's cash management offering comprises a wide range of innovative and highly-customized online products and services tailored specifically to allow our corporate customers to manage their business transactions from anywhere in the world effectively and safely. Our cash management services have helped many corporations manage their business operations, capital and liquidity more efficiently."
Talhouni added: "We are committed to providing cash management solutions relying on the expertise of our team around the globe in order to support our customers to develop their businesses."
It is worth mentioning here that Arab Bank offers its corporate clients the "Corporate@Arabi" service, which is an online platform that allows customers to access their accounts and benefit from a wide range of services including accounts inquiry, intra company transfers, cheques retrieval, e-statements, and manage corporate subsidiaries accounts using a single login within a single platform.
The online platform provides an automated and secure solution to distribute dividends to shareholders via transfers and draft cheques or wire transfers. The platform also allows clients to automatically reconcile expected payments against expected receivables in addition to online trade finance solutions. The Bank's online corporate banking platform is customized to meet local needs and the respective legal and compliance requirements.