Bank named Best FX Provider in UAE, as well as Best Overall Bank for Cash Management and Best Bank for Liquidity Management in MENA

Abu Dhabi, UAE - First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has won three awards at Global Finance magazine’s 2017 Transaction Processing Awards. FAB was named Best FX Provider in UAE, as well as Best Overall Bank for Cash Management and Best Bank for Liquidity Management in MENA. André Sayegh, FAB Deputy Group CEO and Head of Corporate & Investment Banking, received the awards at a ceremony held during Sibos 2017, in Toronto, Canada.

The criteria for the World’s Best FX Provider Awards includes transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies, alongside input from industry analysts, corporate executives and technology specialists. The World’s Best Treasury and Cash Management Banks and Providers Awards are based on subjective and objective criteria, including profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.

André Sayegh said: “These awards are a true testament to the strengths of our market-leading Corporate and Investment Banking franchise, which is committed to providing clients across the world with an expanded and highly sophisticated product range, leading technologies and an unparalleled banking experience. Through our client-led approach, we are building on our position to be the banking partner of choice for customers as we grow stronger, together, and we’re very pleased to have received this recognition of our achievements.”

FAB has received a number of awards and recognitions since FGB and NBAD merged earlier this year. The awards are based on the outstanding achievements and accomplishments of both banks. FAB is proud to carry the legacies of two of the UAE’s leading financial institutions, as it celebrates a new joint identity and vision to grow stronger.

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About First Abu Dhabi Bank (FAB)
FAB, the UAE’s largest bank and one of the world’s largest financial institution offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.

Headquartered in Abu Dhabi in Khalifa Business Park, the bank’s international network spans over 19 countries across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad.

In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience, and will support the growth ambitions of its stakeholders across countries in which the bank operates.

To empower its customers and clients to Grow Stronger, FAB is initiating a powerful movement, which goes beyond banking. The Grow Stronger movement represents the bank’s promise to support its stakeholders’ goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future.

Based on pro-forma financial information as at June-end 2017, FAB had total assets of AED 625 Billion (USD 170 Billion). FAB is rated Aa3/AA-/AA- by Moody’s, S&P and Fitch respectively, the strongest combined ratings of any bank in the MENA region. The Bank has been ranked by Global Finance as the safest bank in the UAE and the Middle East, 4th in emerging markets, 17th amongst commercial banks worldwide, and 31st in the world amongst all banks. Through a strong, diversified balance sheet, leading efficiency and a solid corporate governance structure in place, FAB is set to drive growth forward.

For further information, visit: www.bankfortheuae.com  

© Press Release 2017