The bank was also ranked first in the 10 biggest Emerging Market Banks in the Middle East
Dubai, 27 October, 2009: Emirates NBD, the largest banking group in the Middle East in terms of assets has received three prestigious awards from World renowned Global Finance Magazine. The awards were received at an Awards Ceremony recently held in Turkey. Emirates NBD was named the Best Bank in the United Arab Emirates (UAE), Best Trade Finance Provider and Best Foreign Exchange Bank for the year 2009. It is also worthy to note that Emirates NBD was ranked first on the Global Finance 10 Biggest Emerging Market Banks in the Middle East The awards were received by Mr. Mohamed Wajid Kamran, General Manager, Institutional and International Banking and Debt Capital Markets, Emirates NBD.
In an exclusive recently published survey, Global Finance editors along with industry analysts and banking consultants selected the Best Banks in Foreign Exchange, Trade Finance and the Best Banks in each country. Criteria for selecting the winners included: growth in assets, profitability, strategic relationships, customer service, pricing and innovative products.
Rick Pudner, CEO, Emirates NBD, said: “These awards reinforce Emirates NBD’s leadership position in the market and serve as a morale-booster to our loyal customers and members of staff who made this achievement a reality. The Global Finance Awards are internationally recognized as the most credible awards in the industry, and winning these awards represents the ultimate acknowledgment of our leadership in the UAE banking sector.”
The criteria for the assessment of the best bank award measures overall performance in the previous period, incorporating performance criteria, qualitative achievements and strategic initiatives.
The Global Finance awards follow several awards received by Emirates NBD to date this year including: Mohamed bin Rashid Al Maktoum Business Award for Finance and Best Retail Bank by The Banker Magazine.
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About Emirates NBD
Emirates NBD (DFM: Emirates NBD) is the biggest banking group in the Middle East by assets. At 31st December 2008, total assets were AED 282.4 billion and a combined market share of 20.5%.
The Group has a leading retail banking franchise in the UAE, with over 129 branches and over 651 ATMs. It is a major player in the UAE corporate banking arena, with a combined market share of almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private banking, asset management and brokerage operations.
The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore.
For more information, please contact:
Ibrahim Sowaidan
Direct: 00971 4- 609 4113
Mobile: 00971 50 653 8937
Email: ibrahims@emiratesbank.com
Ramy Lawand
Direct: 00971 4 201 2204
Mobile: 00971 50 8420729
Email: lawandr@nbd.com
Claire Andrea
Direct: 00971 4-609 4143
Email: clairea@emiratesbank.com
© Press Release 2009
