ADCB receives prestigious award at a ceremony held in Dubai

Abu Dhabi, 3 July 2011: Abu Dhabi Commercial Bank (ADCB) has been awarded the 'Best Commercial Bank' award at the prestigious Banker Middle East Industry Awards 2011. The award, which acknowledges ADCB's achievements during 2011, was competed for by banks from across the region, namely the GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates), Jordan and Lebanon.

Banker Middle East's expert judging panel initially short-listed institutions across all categories before written submissions were submitted. CPI Financial then hosted a month of voting with registered readers of Banker Middle East and Business Intelligence eligible to vote.

This award follows ADCB's recent win at the Banker Middle East Product Awards 2011 for the Best SME Account.  Earlier this year, the Bank was also awarded Best Retail Bank in the UAE and GCC by the Asian Banker Awards 2010.

Mr. Howard Gaunt, Head of Business Banking at ADCB, said:

"ADCB is proud to accept the "Best Commercial Bank" award. This award demonstrates our advances in commercial banking activities, which include SME and Emerging Local Corporate businesses. 2011 has been a wonderful year for ADCB, with the Bank being recognised for its continuous efforts in providing quality services and products to our customer base. We continuously aim to provide excellent service, thus enabling us to achieve the standards and customer support needed to be considered for such esteemed awards."

Mr. Colin Fraser, Head - Wholesale Banking Group, said:

"The high profile award from Banker Middle East for ADCB demonstrates international recognition for this core business of ADCB in a highly developed and competitive market-place.

"ADCB has the second largest domestic banking franchise in the UAE and has been consistently focused on growing and supporting the SME and Emerging Local Corporate businesses. The Bank offers a complete suite of products that specifically designed to cater to the needs of businesses that are key to the health of the UAE economy."

-Ends-

About ADCB:
ADCB was incorporated in July 1985 as a public joint stock company in the Emirate of Abu Dhabi, United Arab Emirates. ADCB's authorized and issued share capital is currently AED 4.81 billion. ADCB is owned 61.59% by the Abu Dhabi Government through the Abu Dhabi Investment Council.  Its shares are traded on the Abu Dhabi Securities Market.

As at 31 March 2011, ADCB's total assets were approximately AED 180,705 billion. As at the same date, its capital adequacy ratio was 17.03 per cent.  As at 31 March 2011, ADCB employed over 3,824 people from 48 nationalities, serving approximately 550,000 retail customers and over 23,000 wholesale clients in 50 branches in the UAE and 2 branches in India.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative, Islamic products, project finance and property management services.

For further information please contact:
Corporate Communications Department ADCB
Tel: +971 (0) 2 696 2380
Fax: +971 (0) 2 610 9852

© Press Release 2011