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Abu Dhabi/ Dubai: The National Bank of Abu Dhabi (NBAD), the Safest Bank in the Emerging Market and the Middle East, has won prestigious awards during the Banker Middle East UAE Products Awards 2015.
NBAD received awards for Best Corporate Account, Best SME Foreign Exchange Service and Best SME Card categories. In addition, the Bank was awarded for Best Fixed Income Fund.
"At NBAD, we recognise that SME is one of the fastest growing segments in the UAE economy and supporting it is a strategic goal for the government of the UAE and Abu Dhabi Vision 2030. We look to SME clients as our partners in success and we endeavor to provide them with comprehensive financial solutions to support their business needs," said Abdulla Al Otaiba, Senior Managing Director & Group Head of Global Retail and Commercial Banking at NBAD. "We are honored to be recognised by CPI Financial for our innovative products and services and we will continue our role to support and drive the development of this vital sector."
Organised by CPI Financial, the annual Banker Middle East UAE Product Awards are designed to recognise banking and financial products and services that are either exceptionally innovative or have witnessed excellent financial performance and/or transference of market share.
"This independent recognition reflects NBAD's excellence across different products and businesses. We are extremely pleased that investors and market observers have selected NBAD for Best Fixed Income Fund" said Rudiger von Wedel, Senior Managing Director of Global Wealth at NBAD.
He added: "Since inception, the performance of MENA Bond Fund has been unique amongst the peer group with attractive levels of income and total returns achieved at a low level of volatility. This is a testimony of our success to protect and grow value in challenging market conditions."
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About NBAD
The National Bank of Abu Dhabi (NBAD), the leading bank in the Middle East and one of the 50 safest banks in the world, has one of the largest networks in the UAE as well as branches and offices in 18 countries stretching across five continents from the Far East to the Americas.
A comprehensive financial institution, NBAD offers a wide range of banking services and products to all segments of clients. NBAD grows strategically toward its vision to be recognised as the World's Best Arab Bank.
Since 2009, NBAD has been ranked one of the World's 50 Safest Banks by Global Finance magazine, which also ranked NBAD the Safest Bank in the Emerging Markets and 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.
© Press Release 2015
