Arab National Bank has obtained the latest version 3.2.1 of the PCI-DSS (International Card Payment Standards) issued by the Payment Card Industry Standards Council as a result of its commitment to international information security standards in the area of payment cards and its keenness to follow the instructions that would protect customer data by adding more security and reliability measures.
The Payment Card Industry - Data Security Standard is a global standard for providing the highest levels of security and confidentiality for payment cards and data created in 2004 by the council. Compliance with its terms means maximizing security.
"This achievement confirms ANB's commitment to implementing the highest standards of quality and professionalism globally and adopting a continuous development methodology," said Eng. Ala Asali, Chief Information Security Officer at Arab National Bank. Clear and compliant with international standards, which enhances the safe use of payment cards and limits the potential and sophisticated electronic fraud that has recently increased in the region and the world. "
Arab National Bank reported a net profit of USD 446.2 million for the first six months of 2019, compared to USD 376.4 million for the same period last year, an increase of 18.5%.
Profits of the second quarter of 2019 reached USD 238.5 million compared to USD 199.3 million for the same period last year.
ANB total operating income for the first six months of 2019 reached USD 897.9 million compared to USD 847.8 million for the same period last year, an increase of 5.9%.
Assets as of June 30, 2019 reached USD 45.6 billion, and investments reached USD 8.7 billion, while the loans portfolio reached USD 31.9 billion and Customer deposits reached USD 35.2 billion.
Commenting on the Bank’s results, Dr. Robert Eid, Managing Director and Chief Executive Officer said; “the increase in the Bank’s profits resulted principally from balanced growth in various business lines, and its conservative risk management culture.”
Arab National Bank reported a net profit of USD 245.4 million for the first three months of 2019, compared to USD 217.7 million for the same period last year, an increase of 12.7%.
ANB total operating income for the first three months of 2019 reached USD 435.5 million compared to USD 408.8 million for the same period last year, an increase of 6.5%.
Assets as of March 31, 2019 reached USD 45.0 billion, and investments reached USD 8.3 billion, while the loans portfolio reached USD 32.1 billion and customer deposits reached USD 34.1 billion.
The Arab National Bank and Etihad Guest are now offering a new Visa credit card (ANB Etihad Guest Signature card) which gives clients the possibility of acquiring Etihad Guest Miles on domestic and international purchases, in addition to a broad range of exclusive rewards and benefits, including 17,000 free Etihad Guest Miles to welcome new clients and no fees for the first year, fast track to Etihad Guest Silver tier, entry to more than 1,000 airport lounges around the world, 15% online discount on Etihad flights, and many other benefits.
Asad Alsada, Head of Consumer Banking services at ANB, said that “the new card is the result of joint efforts and close cooperation with our partners with the aim of offering an innovative credit card that has various advantages.” He added that “this step reflects the bank's ongoing commitment to offer excellent services that meet client expectations."
Yasser Al Yousuf, Vice President of Commercial Partnerships at Etihad, said, "At Etihad Guest, we spare no effort to cooperate with large, prestigious companies to offer a pioneering travel experience. Our clients in the Kingdom of Saudi Arabia are now able to get rewards, privileges and exclusive offers using the ANB Etihad Guest Signature card, in addition to comfort and extravagance on board our luxurious planes. Etihad Airways has 84 weekly flights from different airports around the Kingdom of Saudi Arabia, including Riyadh, Jeddah, Dammam and Medina. Connecting through Abu Dhabi International Airport, guests flying to the US can clear all immigration and customs inspections before they board their flight at the United States Customs and Border Protection (CBP) facility."
Ali Bayloun, Visa’s General Manager in Saudi Arabia, said, "We are pleased with our cooperation with the Arab National Bank and the Etihad Guest programme to launch the joint Visa Signature card, which offers a broad range of benefits to travellers to the Kingdom of Saudi Arabia." The card has a design that aims to enrich the travel experiences of clients through special rewards that they can earn on travel and spending. Card holders will have the opportunity to benefit from worldwide acceptance of Visa at more than 46 million commercial outlets around the world, and peace of mind thanks to the better levels of protection and safety offered by Visa technology on payments and its broad global network."