Palestine Bank Wins Euromoney Global Award for Best Bank in Sustainability for 2026

SadaNews: In a new international achievement added to its record of successes, Palestine Bank has won the Euromoney Global Award for 2026 as the Best Bank in the field of sustainability in the (ESG) category, recognizing its excellence in integrating environmental sustainability, social sustainability, and good governance standards within its corporate strategy and banking operations in 2025. This honor embodies the bank's vision of building a responsible banking model, achieving long-term economic and social value, and enhancing its role in supporting sustainable development according to the best global standards. 

Palestine Bank was selected following a comprehensive evaluation conducted by the judging panel at the global magazine Euromoney, based on international criteria concerning various sustainability aspects, which indicated the bank's notable progress in environmental and social areas within a distinguished governance framework that reflects the principles of responsible financing and works to measure the progress achieved in its various aspects.

This achievement represents an important milestone in the journey of Palestine Bank, as it is the first operating bank in Palestine to win the Euromoney magazine award in the (ESG) category, reflecting the position the bank has now attained on the map of regional and international financial institutions, where its name now ranks among the most significant global awards in the field of sustainability, placing itself at the forefront of institutions that adopt this environmental strategy as a comprehensive framework rather than mere unstudied practices. It presents a model of excellence in integrating sustainability principles into its various operations and activities. 

Mr. Mahmoud Al-Shawa, the General Manager of Palestine Bank, expressed his pride in the bank receiving this award, especially as it comes amidst the exceptional circumstances and significant challenges faced by Palestine, affirming that this achievement reflects the bank's commitment to continue implementing its sustainability strategy, despite the challenges posed by crises for institutions in maintaining their development plans and goals.

Al-Shawa added that the award represents an extension of the record of international achievements being realized by Palestine Bank, embodying its vision that makes sustainability a comprehensive institutional approach guiding its actions and decisions, not merely initiatives or temporary programs. He emphasized that the excellence of financial institutions today is no longer measured solely by financial performance indicators but also by their ability to achieve sustainable economic, social, and environmental impact, and contribute to building a more resilient and sustainable economy.

Palestine Bank continues to cement a banking model that makes sustainability a driver of growth and value creation, by integrating environmental and social considerations and governance principles into the core of its operations and investment decisions. Driven by a vision that believes the future of the financial sector will belong to institutions capable of achieving balanced economic, social, and environmental impact, the bank continues to develop its practices according to the highest international standards, enhancing its position as a leading Palestinian banking institution trusted by the local community and recognized by global financial institutions.

About Palestine Bank

Palestine Bank was established in 1960 as a financial institution aiming to elevate the level of banking services in Palestine, finance various projects, and meet the financial and banking needs of different social and economic segments. Palestine Bank is now considered the most widespread financial group with a banking network of 100 branches and offices and more than 160 ATMs serving over one million customers. The bank holds a majority stake in the Arab Islamic Bank, as well as specialized subsidiaries including PalPay for electronic payment solutions, Taqa for alternative energy solutions, and the Securities Brokerage Company. 

The group also established the Intersect entrepreneurial incubator to support Palestinian youth, which launched the Intersect Consulting Company to complete many activities and programs that support Palestinian youth to make the Intersect group an important link in the entrepreneurship ecosystem, supporting youth and providing job opportunities, thereby serving as a bridge to access the global market.