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Highlighting the strong level of employee engagement within the Bank and it's translation into world-class business performance.
H.E. Abdul Aziz Al Ghurair said: "Mashreq has always strived to deliver a world-class service - so in a people business like banking, to be named as a world-class employer is incredible. The success of our endeavor to provide employees with a workplace where they can thrive is borne out again by this global recognition".
Dubai - Mashreq, one of the leading financial institutions in the UAE, has won the Gallup Great Workplace Award 2015 - putting it in an elite group of just 40 workplaces in the world that have been recognized by the accolade for this year. This is the second year in succession that the award has been received by Mashreq, having been named as one of the top workplaces of 2014. Like in 2014, Mashreq remains the only financial services institution in the Middle East to receive this accolade.
The news that Mashreq is again a best-in-class global employer comes shortly after it announced record financial results - a 13% year-on-year increase in net profit in the first quarter of 2014 to AED 651 million bears testament to the ability of an highly engaged workforce to deliver market-leading results.
Mashreq's CEO, H.E. AbdulAziz Al Ghurair, said "Mashreq has always strived to deliver a world-class service - so in a people business like banking, to be named as a world-class employer is incredible. The success of our endeavor to provide employees with a workplace where they can thrive is borne out again by this global recognition - Of all the numerous awards the bank has received recently, this one especially means a huge deal to all of us. It truly belongs to every single member of the team who continue to deliver excellence on a daily basis and who are committed to their customers, their colleagues and to the Bank itself."
The Gallup Great Workplace Award was created to recognize excellent companies for extraordinary ability to create an engaged workplace culture.
He continued: "Mashreq continues leading the rest of the banks in the UAE when it comes to innovation and service excellence. Our financial performance over the last few years is testament to this and is a direct result of an engaged workforce who enjoy coming in to work every day. The first Gallup Great Workplace Award that we received in 2014 was important, because it reflected the culmination of an engagement journey that had taken several years of relentless focus. This second award is even more important, because it shows we have sustained an excellence in building a world-class workplace culture."
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About Mashreq
Since its inception in 1967, Mashreq has differentiated itself through innovative financial solutions. As the oldest bank in the UAE, Mashreq has more firsts than any other bank and a proven track record in innovation. With an extensive branch network across the UAE, Mashreq is also present in Qatar, Bahrain, Kuwait and Egypt and 26 overseas offices in 12 countries spread across Europe, USA, Asia and Africa providing a comprehensive range of international financial services. Locally and regionally, Mashreq has established itself as a market leader by delivering award-winning customer experiences and innovative thinking across its financial products and services. Key recent initiatives include the UAE's first Tap'n'Go contactless technology, Cardless Cash, Snapp Mobile Banking, Selfie credit card, and eforms amongst others. The bank's Islamic Window Mashreq Al Islamic takes a highly technological approach to banking, allowing customers to experience Sharia'h Compliant financial banking solutions online.
In 2014, the bank celebrated a historic year as it posted 33% in Net Profit and won more than 45 local, regional and international awards, including Best Local Bank in the UAE, Best Local and Regional Retail Bank, Best Islamic Window, Best Corporate, Best Consumer Internet Bank Qatar, SME Bank of the Year, Super Brands, Best Regional Investment Bank and Best UAE Loan House from prominent awards organizers.
Each banking division offers its own unique specialisms and expertise to set industry standards, whilst working collaboratively to achieve excellence for all Mashreq customers and partners.
- Corporate Banking Group's mission is to drive relationship banking through customer centricity, ensuring that it is the primary bank of corporate clients, and the efforts continued in the quarter. Corporate Banking Group delivered world class Investment Banking Services to the clients, especially in the fields of Corporate Finance, Real Estate, Investment Services, Cash & Trade Management Solutions. Recently the business group booked two key transactions for TECOM INVESTMENTS LLC and Port & Freezone World FZE (PFZW) and closed a 4-month Short term Bridge facility for USD 86 MM for Abraaj Holdings.
- Retail Banking Group has been at the forefront of innovation with various financial solutions such as Instant Banking, the first ATM Card, Travelers cheque amongst others. The retail business focuses on leading the UAE banking industry through world class service and comprehensive financial products for Personal Banking, Islamic Banking, Private Banking, Business Banking, Affluent Banking, and Payments.
It continues to launch groundbreaking contactless technologies and launching the region's first fully automated branch initiative 'imashreq'.
- International Banking Group's network of Branches and Rep Offices spans twelve countries across US, Europe, Asia and the Far East. The bank leverages this footprint by supporting franchise client needs internationally and international client needs in our franchise. International Banking Group (IBG) provides commercial banking services to customers outside the UAE. The Financial Institutions Division, which is a part of IBG, provides full range of correspondent banking services including payments, trade finance and capital markets products to financial institutions in select markets."
- Treasury And Capital Markets Group is a leading provider of value added and innovative treasury services and products. Operating round the clock our experienced dealers provide continuous coverage of global markets to clients. The traditional areas of foreign exchange, interest rates, fixed income, commodities, global futures, UAE (local) and international equities, are supplemented by customized structured multi-currency hedging, yield enhancing strategies, equity derivatives and specialized asset management services.
As a leading financial institution, Mashreq is committed to supporting every community it serves. In the UAE, the bank pays particular attention to recruiting, training, and developing UAE National employees. Mashreq is the only financial institution to receive the Gallup Great Workplace Award for two consecutive years in 2014 and 2015 and is a four times receiver of the CSR Label by Dubai Chamber of Commerce and Industry in recognition of its global standards in social responsibility.
For media enquiries, please contact:
Huda Ismail
Public Relations, Mashreq
Tel: 04 -6083629
Email: HudaI@mashreq.com
Nssrin Khalil
Public Relations, Mashreq
Tel: 04 - 6083836
Email: NssrinK@mashreq.com
© Press Release 2015
