News Chawki Karam, an ABA member and Assistant Manager at National Bank of Egypt UK, and his brother Johnny Karam, who works in Saudi Arabia, cycled the 500 kilometres from London to Paris in four days, from 9 - 13 September, with the aim of raising $50,000 for five NGOs. Chawki and Johnny draw inspiration from their father, Louis Karam, who died at the early age of 62. From their father, the brothers learnt the importance of supporting local communities, generosity, and helping others. Their cycle ride to Paris is dedicated to him. The money that Chawki and Johnny are raising will be divided ...
A message from the Chief Executive Officer
Welcome to the Arab Bankers’ Association!
We are an association of bankers and finance professionals who work in Arab financial markets. Most of our members, both corporate and individual, are based in the U.K. but a significant proportion are based outside. Nearly all of us have spent much of our professional lives living and working in the Arab world.
Our aims are simple: to foster improved relations, information sharing and understanding between the private and public sectors in the Arab world and the U.K. We achieve this through our programme of evening seminars and social events, through tailored events for individual members and their clients, and through personal interaction and introductions that are based on decades of business experience.
You will find more information about our work on the various pages of this website. For example, elsewhere on this page you can download a copy of our Annual Magazine; on the “Events” page you can download presentations given at recent evening seminars; and soon we will be adding a new page to our website -- “Arab Banking News” – where you will see a brief round-up of recent events that are relevant to our membership.
The “Join” page also contains a full list of member benefits.
This is an exciting time for Arab banks and their subsidiaries and affiliates in London. Gulf banks are looking to expand their international operations, banks in Egypt and other north African countries are finding their footing after the uncertainties of the Arab Spring, and debt issuance across the region is increasing.
London hosts the largest and most important banking community in Europe, so its not surprising that it is in London that many of the innovative new financial structures that are shaping Arab finance are designed and sold.
The ABA has been serving and promoting Arab banking in London for more than 30 years and we are as enthusiastic and committed to our mission today as we were on the day we were founded. If you are a member, I look forward to working alongside you in the months ahead. If you are not a member, I hope you will consider joining us.
George E. Kanaan Chief Executive Officer
Thu October 1 2015
Thu October 1 2015
"Is the UK still a Destination for High Net Worth Individuals?"
Events , ABA Events Under the sponsorship of Henley & Partners, Charles Russell Speechlys and London & Capital, we will be holding a seminar on recent developments in the world of immigration into the UK and the EU as they affect High Net Worth Individuals. There will be three speakers: Hakan Cortelek, Managing Partner, Henley & Partners, who will describe the evolving landscape of residence-by-investment and citizenship-by-investment. He will consider programmes offered by various countries, including Malta, Cyprus and Antigua. Mark Estcourt, Executive Director and Head of international Wealth ...
09/09/15 New Study on GCC Bank Performance
News Darien Analytics has published its annual ranking of GCC commercial banks. The rankings cover 74 commercial banks based in the GCC and are based on six key financial performance ratios. As in previous years, the larger Gulf banks do not necessarily appear among the best performers, although al-Rajhi ranks fifth, Saudi British bank 10th and Samba 12th. The ranking assesses the bank's performance according to six ratios: Equity % Assets Operating Profits % Loans and Investments Return on Average Assets Return on Average Equity Operating Costs % Operating Income Equity and Customers' De...
Thu September 17 2015
Thu September 17 2015
Climate Change Policies and Hydrocarbons in the Middle East: Carnegie Seminar
Events , Partner Events The Carnegie Middle East Center and the Lebanese Center for Policy Studies will host a seminar entitled "Can Climate Change Policies and Hydrocarbons Live Together in the Middle East and North Africa?" on 17 September in Beirut. The event will start at 2pm and conclude at 5.30. It will be held at Carnegie's offices in Beirut (Lazarieh Tower, Emir Bechir Street) and will be livestreamed through Carnegie's website. The event will be conducted in English, but with simultaneous translation into Arabic. Attendance is free, but participants must register in advance, either through the Carnegie C...
News The ABA is pleased to welcome Jordan International Bank and the law-firm Curtis, Mallet-Prevost, Colt & Mosle as corporate members. Jordan International Bank is a London-incorporated bank that is owned by two Jordanian institutions: The Housing Bank for Trade and Finance (75%) and Arab Jordan Investment Bank (25%).The bank provides, inter alia, trade finance services, personal banking services to Middle Eastern clients and lendng for property investment and development. It had assets at the end of 2014 of £342 million. The bank's office is at Moreau House, 116 Brompton Road, Lon...