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Corporate Social Responsibility > Creating value for the stakeholders |
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Business Suppliers
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| | | Business Suppliers | | Promoting Our Values to Everyone We Deal With | | | The Banks direct social and environmental impact is usually minimal in comparison with the indirect impact which it has through its investment, project finance and loan portfolios. AAIB deals with various business partners, whether service providers (such as cleaning and security companies), suppliers, or advertising agencies. AAIB recognizes its corporate responsibility in selecting its business partners based on long-term partnerships that develop as they grow. | | Selection Standards & Equal Opportunities | | | To achieve the optimum outcome, we encourage dealing with new reputable suppliers, especially on the local level, regardless of size. When initiating a new line of business, a brief or a proposal is addressed to three selected suppliers in the market, whereby their offers are evaluated based on three main categories: quality, price, and delivery performance. For AAIB, business continuity with high quality and efficiency is a priority. |
| Long-Term Partnership | | | AAIB believes in long-term partnerships with our business partners that are based on mutually thriving growth, achievement and success. Throughout the business process, we advise our partners on ways to develop and enhance their business while meeting our objectives. Transparency, prompt feedback and clear communication are central features of this partnership. |
| | | Ethics / Soundness | | | Ethical treatment, payment rights, contract abidance and respect are set priorities prior to conducting business with any of our business partners. At AAIB, we seek businesses with business lines that abide by our values and ethics, and which are ethically sound in the market. |
| Prompt Payment | | | Part of our reputation is based on our word and our ability to be prompt in payment. As a financial institution responsible for the communitys cash, we hold ourselves also responsible for prompt payment to our suppliers upon the completion of any service. Whereby we provide our suppliers with clear and accessible guidance on payment procedures, we are always prompt to pay our suppliers with the agreed upon terms at the outset of the contract without attempting to change any payment terms retroactively. Furthermore, AAIB has a system for dealing with suppliers complaints (if applicable), to maintain their satisfaction. |
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