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The privately owned Arab Bank was established in Jerusalem in 1930 by the late Abdul Hameed Shoman and later moved its headquarters to Jordan. The bank began with just seven shareholders and a capital of 15,000 Palestinian pounds. Since then, Arab Bank has worked on establishing a solid branch network throughout the Arab World. It is also the first Arab financial institution to establish a presence in Switzerland with the opening of Arab Bank (Overseas) in Zurich in 1962 and later in Geneva in 1964.
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