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

20/11/10  UAE rolls out new banking guidelines

News , Here and Now The UAE's central bank has unveiled new guidelines regarding provisions and loans in line with the Basel Committee on Banking Supervision standards. "All banks and other financial institutions are required to make provisions, specific or general, required for this regulation and deduct them from the profit and loss account at the end of each quarter and not delay them till the end of the financial year," the central bank said in a statement. The guidelines will "serve as a catalyst in depicting a truly realistic financial position of banks and other financial institutions," it said.

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Wed November 10 2010
Great time for Lebanon: The Lord Mayor of London

ABA News This is a great time for Lebanon, as its politics stabilise, the Lord Mayor of London, Alderman Nick Anstee, told delegates attending the ABA's Lebanese Banking Day symposium at Mansion House, 10 November 2010. The Lord Mayor praised the ABA for organising the event, which he supported. "My thanks to all the speakers and an especial thank you to (ABA CEO) George Kanaan for his skill and vision in organising it," he said. He said "the City remains a world leading international financial centre. But it is world-leading in a changing environment. And its intern...

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Wed November 10 2010
Lady Olga Maitland summing up the ABA's Lebanese Banking Day

ABA News   The Lebanese Banking Day has been a triumph, concluded Lady Olga Maitland in her summing up of the symposium and the networking Gala Dinner of the previous night. The event "restated Lebanon’s position as a banking centre both regionally and internationally," said Lady Maitland, Director of Earthport plc and CEO, Money Transfer International. "Lebanese banks now operate in 31 Arab countries and 111 cities," she said. "They are now rated fourth in the entire region coming after Saudi Arabia, the UAE and Egypt and ahead of Kuwait. Beyond the region they have e...

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12/02/10  George Kanaan: ABA CEO

ABA News In 2009, the Arab Bankers Association (ABA) appointed George Kanaan as its CEO to lead and develop operations in the UK, Europe and MENA at large.Georges Kanaan, an experienced banker, takes on the role during an unprecedented period of change for the association; with the financial services industry facing both political and regulatory challenges, the ABA has never been more relevant to its membership.Kanaan stated, “The ABA was established to develop ties between Arab professionals working in the financial sector and to encourage the exchange of views, information and expertise betw...

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