Arab National Bank has launched the latest version of its app, ANB Mobile, with a revamped interface, exceptional features, and biometric identification technology.
Obaid A. Al-Rasheed, deputy CEO, said: “The new platform is part of our transformation strategy and reflects our continuing commitment to offering a more convenient and secure banking experience.”
The upgraded app is loaded with advanced features to fulfill a wide range of digital banking solutions, whereby customers can open accounts, login easily through biometrics, manage their accounts, cards and investments round the clock, and apply for finance products conveniently, without the need to visit the branch.
Arab National Bank (ANB) reported a net profit of USD 479,6 million for the first nine months of 2020, compared to USD 668,8 million for the same period last year, a decrease of 28.3%.
Profits of the third quarter of 2020 reached USD 178,3 million compared to USD 222,6 million for the same period last year, representing decrease of 19.9%.
ANB total operating income for the first nine months of 2020 reached USD 1,180 million compared to USD 1,361 million for the same period last year, a decrease of 13.3%. Assets as of September 30, 2020 reached USD 50,3 billion, and investments reached USD 11,6 billion, while the loans portfolio reached USD 31,5 billion and customers’ deposits reached USD 36,5 billion.
Arab National Bank's Board of Directors announced the appointment of Obaid Abdullah Al-Rasheed to the position of Managing Director and Chief Executive Officer of the Bank, as of
1/2/2021, to succeed Dr. Robert Maroun Eid, who recently submitted his resignation due to his special circumstances.
Obaid Al-Rasheed has held the position of Deputy CEO for Private Banking and Retail Banking at the bank, since 2011, and he has more than 30 years of banking experience, during which he held many leadership positions in the bank. He holds a BA in Business Administration received in 1983 from San Jose State University, California, United States of America.
ANB Board of Directors announced the appointment of Mr. Nizar Abdulaziz Al-Tuwaijri as deputy Managing Director, effective 01/02/2021.
Al-Tuwaijri worked in the banking sector for more than 20 years, during which time he rose to various positions in the bank until he assumed the position of Head of Corporate Banking since 2017.
He holds a master's degree in business administration from the University of Maine and a bachelor's degree in information systems from King Saud University.