Arab Bank

Amman, Jordan

https://www.arabbank.com

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About Arab Bank

Arab Bank is a major financial institution in the Middle East, with its headquarters in Amman, Jordan. The bank has a significant global presence with over 600 branches spread across five continents. In the United Arab Emirates, Arab Bank operates with a dedication to maintaining the highest standards of excellence in financial services, based on sustainable growth and development.

Services and Operations

In the UAE, Arab Bank offers a wide range of services including Consumer Banking Programs, Cards, Loans & Credit Facilities, and Accounts. These services are designed to meet the diverse needs of their customers, from individuals to businesses. The bank also provides Remittance Services, the Arabi Points Program, and e-Tawfeer. Arab Bank has also introduced a number of innovative banking solutions such as Arabi Online, which allows customers to view account balances, get account statements online, and fund accounts when balances are insufficient to honor debit.

Furthermore, Arab Bank's services extend to Cross-Border banking transactions in Jordan, Palestine, Lebanon, UAE, Bahrain, and Qatar through their Arabi Cross-Border services. This highlights the bank's capacity to provide banking solutions beyond national borders.

Global Presence

Arab Bank's global presence is evident with its network spanning multiple continents. The bank's reach is not only limited to its physical branches. They have also incorporated a digital approach to banking with options such as Arabi Mobile, Arabi Online, ATM Banking, ITM Banking, SMS Banking, Customer Care Center, Branch Network, ArabiConnect, and Corporate Business Center. This extensive network and variety of banking methods make Arab Bank accessible to customers around the world.

Recognition

Arab Bank's commitment to offering high-quality services has led to recognition on a global scale. The bank was named "The Best Bank in the Middle East" by Global Finance, reinforcing its status as a leading financial institution in the region. This accolade is a testament to Arab Bank's dedication to excellence in all its operations.

Branches

Arab Bank Arab Bank - Motor City Branch

Arab Bank - Motor City Branch

Kojak Building - Motor City - Dubai

Arab Bank Arab Bank - Sheikh Zayed Road Branch

Arab Bank - Sheikh Zayed Road Branch

Eiffel 1 Building - Umm Al Sheif Area - Sheikh Zayed Rd - Dubai

Arab Bank Arab Bank - Dubai Branch

Arab Bank - Dubai Branch

Baniyas Rd - Deira - Riggat Al Buteen - Dubai

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Personal

Deposits

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Minimum Deposit:AED 0.00
Tenure: - days
Interest Rate:Varies
Payment Frequency:On Maturity
Early Withdrawal Penalty:Early withdrawal results in interest loss or rate reduction as per the bank’s tariff.
Islamic Deposit:No

Features:

Deposits can be used as collateral for loans or credit products. Subject to Arab Bank's standard terms and conditions.

Mortgages

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Interest Rate:EIBOR-based
APR:N/A
Max Loan Amount:AED 5,500,000.00
Loan Tenure:300 months
Loan-to-Value (LTV):80.00%
Processing Fee:1% of loan amount (non-refundable).

Features:

Only available for selected ready properties.

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Interest Rate:EIBOR-based
APR:N/A
Max Loan Amount:AED 1,830,000.00
Loan Tenure:240 months
Loan-to-Value (LTV):75.00%
Processing Fee:1% of loan amount (non-refundable).

Features:

Available through Arab Bank branches in UAE and Jordan, Lebanon, or Palestine.

Safe Deposit Lockers

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Annual Rental Fee:AED 1,000.00
Security Deposit:AED 5,000.00
Availability:Contact bank for available branches
Access Frequency:Branch hours only
Locking Mechanism:Dual key system (customer key + bank master key)

Special Features:

Dual key system, secure vault storage

Arab Bank Logo
Annual Rental Fee:AED 1,500.00
Security Deposit:AED 5,000.00
Availability:Contact bank for available branches
Access Frequency:Branch hours only
Locking Mechanism:Dual key system (customer key + bank master key)

Special Features:

Dual key system, secure vault storage

Personal Loans

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Flat Interest Rate: 5.00%
Reducing Rate: 5.00%
Max Loan Amount:AED 2,000,000.00
Loan Tenure:48 months
Min Salary:AED 3,000
Processing Fee: 1.00%

Features:

Equal monthly repayments over up to 48 months with interest calculated on a reducing balance basis.

Arab Bank Logo
Flat Interest Rate: 5.00%
Reducing Rate: 5.00%
Max Loan Amount:AED 500,000.00
Loan Tenure:48 months
Min Salary:AED 3,000
Processing Fee: 1.00%

Features:

Offers quick access to funds with repayments over 6 to 48 months; interest calculated on a reducing balance basis.

Savings Accounts

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Interest Rate Not Applicable
Minimum Balance: AED 3,000.00
Account Type Standard
Open Online: Yes

Business

SWIFT Codes

Arab Bank
ARABAEAD

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