Bank of Palestine Named “Bank of the Year” for 2014 by Banker ME

CPI Financial/Banker ME awarded BOP “The Best Bank in Palestine” for 2014. CPI Financial/ Banker ME studied and analyzed data and indicators’ growth for BOP as well as the Bank’s success, expansion and performance over the past year. BOP has achieved a net profit of USD 41 million.

The award was handed in a special ceremony organized by the Banker ME in Al-Jumeira Towers in Dubai, UAE. The ceremony was attended by BOP Deputy General Manager Rushdi Ghalayini and eminent figures from the global banking sector, banks’ directors and international finance organizations from the Middle East and the Arab Gulf where Palestinian banking institutions have been launched for the first time last year. CPI Financial/ Banker ME studies and analyzes data and indicators’ growth for the financial and banking institutions inside and outside the Middle East, then it spreads the results through various magazines, newspapers, and websites.

BOP achievements during last year included expansion and opening of new branches in rural areas and marginalized villages, promoting SMEs, and developing programs and providing services and products that meet the needs of the community such as the green loan program, the fishermen lending program, developing banking services for women, and encouraging the youth on entrepreneurship.

BOP General Manager Mr. Hashim Shawa expressed his happiness of this award and the trust clients have given to the Bank. He added such trust reflected the Bank’s success in implementing sustainable strategies and providing the best services which meet the needs of all sectors and clients. BOP has maximized its banking operations, diversified its services and provided special offers and campaigns in the Palestinian market.

As part of BOP development strategy, Mr Shawa stated the Bank has developed online and e-commerce plastic cards acceptance systems, which will be launched this year, provided cash and cheque deposit services through ATMs and kiosk equipment that will help clients complete their financial transactions electronically.

In addition, Bank of Palestine has taken long strides in implementing the sustainability strategy, focusing on risk management and corporate good governance in line with best global practices. Believing in the necessity to build a strong economy and dynamic community, BOP has also had a strong presence in economic and social development through supporting and sponsoring corporate social responsibility activities as well as promoting sustainable funding.

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