Banco Arabe Español, S.A. (ARESBANK) was incorporated on 1 April 1975 with a subscribed capital of 1,500 million pesetas (equivalent to 25 million US dollars).
The founding shareholders were:
ARAB INSTITUTIONS:
LIBYAN ARAB FOREIGN BANK, with a 30% stake.
KUWAIT FOREIGN TRADING CONTRACTING & INVESTMENT CO., S.A.K., with a 30% stake.
OFFICIAL SPANISH INSTITUTIONS:
INSTITUTO DE CRÉDITO OFICIAL, with a 9.33% stake.
INSTITUTO NACIONAL DE INDUSTRIA, with a 7.33% stake.
BANCO EXTERIOR DE ESPAÑA, S.A., with a 3.33% holding.
SPANISH PRIVATE BANKING:
BANCO ESPAÑOL DE CRÉDITO, S.A., with a 3.33% stake.
BANCO CENTRAL, S.A., with a 3.33% stake.
BANCO HISPANO AMERICANO, S.A., with a 3.33% stake.
BANCO DE BILBAO, S.A., with a 3.33% stake.
BANCO POPULAR, S.A., with a 3.33% stake.
BANCO ATLANTICO, S.A., with a 3.33% stake.
To transmit peace of mind and confidence to our customers, through professional, close and personalised banking.
”Provide the necessary financial support to underpin business transactions between our clients and MENA countries.
To be the leading bank in the management of financial and foreign trade operations among our target audience: national and international companies and the MENA area.
Professionalism in the provision of services and products of maximum value to our customers.
Winter opening hours (1 October – 22 May):
Monday – Thursday (8:00 – 17:00 CET)
Friday (8:00 – 15:00 CET)
Summer timetable (23 May – 30 September):
Monday – Friday (8:00 – 15:00 CET)
