Best Business Bank 2015
Best SME Bank UAE 2015
Abu Dhabi, UAE: National Bank of Abu Dhabi (NBAD), the safest bank in the Emerging Markets and the Middle East, has won two Banker Middle East Industry Awards 2015, organised by the Dubai-based financial media company CPI Financial:
- Best Business Bank 2015, which recognises the best bank in the area of commercial banking.
- Best SME Bank in UAE 2015, which honours the institution that best meets the needs of small and medium enterprises in the country.
Every year through a combination of reader votes and in-depth analysis of financial statements, Banker Middle East assesses financial institutions in the region to celebrate the best of the banking sector in the region. More than 200 nominees competed this year, mainly from the United Arab Emirates, Qatar, Saudi Arabia, Oman, Kuwait, Bahrain, Jordan and Lebanon.
Abdulla Al Otaiba, Senior Managing Director and Group Head of Global Retail and Commercial Banking, NBAD said: "The Banker Middle East Awards are one of the longest-standing awards that offer banks independent recognition from customers and industry experts. We are extremely pleased to receive these awards as they reaffirm our commitment to businesses in the UAE and the region. SMEs form the heart of our Commercial customer base and we are supporting them in innovative ways. We see them as an indispensable pillar of economic change and diversification."
The Banker Middle East Industry Awards were first held in 1999 and are considered a true recognition of financial excellence in the Middle East. Awards are selected by the more than 60,000 registered readers of CPI's financial titles including Banker Middle East, Islamic Business & Finance, Finance ME, WEALTH Arabia magazines as well as users of financial news website www.cpifinancial.net.
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About NBAD
The National Bank of Abu Dhabi (NBAD) has one of the largest networks in the UAE, with an expanding network of 125 branches and cash offices and more than 585 ATMs across the country. NBAD's growing international network consists of about 60 branches and offices in 18 countries stretching across five continents from the Far East to the Americas, giving it the largest global network among all UAE banks.
Since 2009, NBAD has been ranked consecutively as one of the World's 50 Safest Banks by the prestigious Global Finance magazine, which also named NBAD the Safest Bank in the Emerging Markets and the Middle East.
NBAD is rated senior long term/short term AA-/A-1+ by Standard & Poor's (S&P), Aa3/P1 by Moody's, AA-/F1+ by Fitch, A+ by Rating and Investment Information Inc (R&I) Japan, and AAA by RAM (Malaysia) , giving it one of the strongest combined rating of any Global financial institution.
A comprehensive financial institution, NBAD offers a range of banking services including retail, investment and Islamic banking. NBAD grows strategically toward its vision to be recognised as the World's Best Arab Bank.
For more information please visit our corporate webpage at: www.nbad.com.
© Press Release 2015
