The Banking Executive Magazine - December 2025 Issue

Arab Banks Awards & Commendations of Excellence 2025 DR. JOSEPH TORBEY, CHAIRMAN, WORLD UNION OF ARAB BANKERS (WUAB) In his address, Dr. Joseph Torbey welcomed distinguished guests and reaffirmed Lebanon’s path toward re- covery and renewal. He emphasized that with restored confidence and determination, Lebanon is embark- ing on a journey to rebuild the state, address economic and social chal- lenges, and reassert its role within the Arab community. He extended sincere gratitude to the Arab delega- tions present, whose participation re- flects the strength of solidarity across the region and the shared commit- ment to supporting the Arab banking sector. Dr. Torbey underscored the symbolic value of the International Union of Arab Bankers’ annual celebration, dedicated to honoring leaders and institutions that have demonstrated resilience, excellence, and innova- tion in the face of regional and global challenges. He highlighted the role of these banks in preserving strength and stability, ensuring asset quality, and acting as pillars of support for Arab economies. Reflecting on the future, he noted that despite the turbulent environ- ment, the trajectory of progress and development remains unbroken. Success, he explained, is driven by individuals who excel in creativity, innovation, and leadership, con- tributing to the advancement of Arab banking practices. He reiterated the Union’s mission of developing ad- vanced banking cadres and equip- ping professionals with the skills required to navigate an era of rapid change. Turning to technology, Dr. Torbey spoke about the growing importance of artificial intelligence in banking operations and customer-facing ap- plications, particularly in enhancing efficiency, competitiveness, and credit decision-making. Yet, he stressed that human intelligence re- mains indispensable, ensuring that technology serves humanity rather than replacing it. He described the human element—empathy, creativ- ity, and judgment—as the true foun- dation of sustainable progress. He concluded by celebrating the achievements of the honorees, rec- ognizing them as pioneers in digital innovation, leadership, and institu- tional excellence. Dr. Torbey af- firmed the Union’s pride in showcasing their contributions, through both the International Union of Arab Bankers and The Banking Ex- ecutive magazine, as models of in- spiration and catalysts for continued growth across the Arab banking sec- tor. the BANKING EXECUTIVE 50 ISSUE 204 DECEMBER 2025